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5733 Cutler Lane Fort Worth, TX 76179

3 Beds 2 Baths 1,560 sqft Built 2002

$250,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $160.26
  • 2 Days on Market
  • MLS # : 14465012
  • Updated Date : 11/07/2020 at 10:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Williams Trew Real Estate

Listing Agent's Description

Well maintained single-story home with amazing swimming pool for unbeatable price! Brand new appliances in kitchen - oven never used, comfort seat, soft closet toilets in bathrooms, high ceilings in living, designer light fixtures in kitchen and eating, open floor plan, vinyl wood planks, 39x10 ft covered patio to enjoy swimming pool and private back yard that also has a storage building at back. Relax and enjoy this oasis of a home - back yard is so peaceful and location is unbeatable!

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

Neighborhood: Bowman Estates

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Bowman Estates

NeighborhoodNIR 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
Greenfield Elementary School Primary Regular 754 38 8
Ed Willkie Middle School Middle Regular 862 53 5

Greenfield Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 38
8
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$922
Property Tax -$573
Property Insurance -$117
HOA -$5
Property Management Fees -$99
CASH FLOW
-$177

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,458

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,544

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5953$1,5954$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 5733 Cutler Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.99
    •  
  • 5700 Barrier Reef Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2005
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 6236 Brooklynn Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 2005
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 6005 Spring Ranch Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2018
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 5909 Trout Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2016
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Seth Fowler
Williams Trew Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465012
Last Updated: 11/07/2020
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