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5724 Blackmore Avenue Fort Worth, TX 76107

4 Beds 2 Baths 2,191 sqft Built 2021

$285,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $130.08
  • 2 Days on Market
  • MLS # : 14513629
  • Updated Date : 02/06/2021 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,191 sqft
  • Baths : 2 full
Listing Agent

Heritage Homes Realty

Listing Agent's Description

Within just minutes from the Trinity River, Shopping Centers and I-30! You won't want to miss your opportunity to live in such a great location! This new build has so much to offer from its open floor plan to its covered porch, it allows for great entertaining. Kitchen has stained custom cabinets, Huge Island and Gas Stove. The master bedroom opens up to the bathroom that boasts a huge walk in closet. This custom home has radiant barrier in the attic and foam insulation making it very energy efficient. There is so much more to this beautiful home, you'll have to come see it for yourself!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Como

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $52k243k

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

Neighborhood: Como

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400150016001700Rent in $5201734

* 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
Como Elementary School Primary Regular 485 25 4
William Monnig Middle School Middle Regular 490 37 2
Arlington Heights High School High Regular 1,831 114 4

Como Elementary School

  • Education Level: Primary
  • # of students: 485
  • # of teachers: 25
4
GreatSchools Rating

William Monnig Middle School

  • Education Level: Middle
  • # of students: 490
  • # of teachers: 37
2
GreatSchools Rating

Arlington Heights High School

  • Education Level: High
  • # of students: 1,831
  • # of teachers: 114
4
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$990
Property Tax -$653
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
$54

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,525

INVESTMENT

$77,525

Down Payment
$71,250
Rehab Estimate
$2,000
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,673

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,995
$2,995
RENT COMPS ANALYSIS
  • 5724 Blackmore Avenue Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 5308 Pershing Avenue Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2016
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.22
    •  
PROPERTY LISTING DETAILS
David Villalobos
Heritage Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513629
Last Updated: 02/06/2021
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