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5736 Diamond Valley Drive Fort Worth, TX 76179

4 Beds 3 Baths 2,796 sqft Built 2014

$335,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $119.81
  • 4 Days on Market
  • MLS # : 14526132
  • Updated Date : 03/04/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,796 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

This Gorgeous well maintained 4 bedroom 2 & half bath home located in Marine Creek Ranch is move in ready! Open floor plan makes entertaining a breeze starting with the spacious front porch. This home features new wood flooring and decorative touches throughout. The kitchen includes SS appliances, GAS Stove top, granite counters, large island, & an abundance of cabinets. Master retreat down with spa like bath has separate tub and shower. Second floor features 3 more generous bedrooms, full bath and a large living area. Enjoy the privacy in the large backyard with covered patio. You do not have neighbors directly behind you on this lot! Why wait and build when you can have this stunning home now! Priced to Sell

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: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k269k

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

Neighborhood: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191828

* 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
Ed Willkie Middle School Middle Regular 862 53 5
Chisholm Trail High School High Unknown NA
Ed Willkie Middle School Middle Unknown NA

Ed Willkie Middle School

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

Chisholm Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,164
Property Tax -$768
Property Insurance -$189
HOA -$30
Property Management Fees -$99
CASH FLOW
-$209

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.

$335,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.61%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,048

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8753$2,0404$2,1505$2,175
$2,175
RENT COMPS ANALYSIS
  • 5736 Diamond Valley Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.73
    •  
  • 5605 Blanca Court Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2004
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 6245 White Jade Drive Fort Worth, TX 2
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2016
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.70
    •  
  • 5744 Spirit Lake Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2013
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 6153 Bowfin Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2006
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.77
    •  
PROPERTY LISTING DETAILS
John Wendell
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526132
Last Updated: 03/04/2021
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