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5721 Violet Crown Place Fort Worth, TX 76126

4 Beds 4 Baths 2,695 sqft Built 2021

$506,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $188.09
  • 5 Days on Market
  • MLS # : 14521676
  • Updated Date : 02/24/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,695 sqft
  • Baths : 3 full , 1 half
Listing Agent

Britton Homes

Listing Agent's Description

PERRY HOMES NEW CONSTRUCTION! Home office with French doors set at entry with 12-foot ceiling. Extended entry highlights coffered ceiling. Open kitchen features generous counter space, corner walk-in pantry and island with built-in seating space. Dining area flows into open family room with a wood mantel fireplace and a wall of windows. Primary suite includes bedroom with wall of windows. Dual vanities, garden tub, separate glass-enclosed shower and two large walk-in closets in primary bath. A guest suite with private bath adds to this four-bedroom home. Covered backyard patio. Mud room off three-car garage.

SEE MORE

MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k476k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Westpark Elementary School Primary Regular 484 25 8
Benbrook Middle High School Middle Regular 911 59 5
Benbrook Middle High School High Regular 911 59 5

Westpark Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 25
8
GreatSchools Rating

Benbrook Middle High School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Benbrook Middle High School

  • Education Level: High
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating
 

$456,210$557,590$506,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,761
Property Tax -$1,093
Property Insurance -$183
HOA -$70
Property Management Fees -$99
CASH FLOW
-$775

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$506,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,329

INVESTMENT

$136,329

Down Payment
$126,725
Rehab Estimate
$2,000
Closing Costs
$7,604

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $126,725
Loan Amount $380,175
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$3

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,430

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,372

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4003$2,4304$2,750
$2,750
RENT COMPS ANALYSIS
  • 5721 Violet Crown Place Fort Worth, TX 3
    • 4 beds 4 baths ∙ 2,695 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,695 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.90
    •  
  • 7213 Tour Trail Benbrook, TX 1
    • 3 beds 2 baths ∙ 2,700 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,700 Sqft ∙ Built 2016
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.83
    •  
  • 5200 Woodglen Lane Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,723 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,723 Sqft ∙ Built 2009
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 5220 Katy Rose Court Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Larry Delzell
Britton Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521676
Last Updated: 02/24/2021
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