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5757 Mountain Stream Trail Fort Worth, TX 76244

3 Beds 2 Baths 1,772 sqft Built 2012

$280,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $158.01
  • 6 Days on Market
  • MLS # : 14491224
  • Updated Date : 12/29/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,772 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors Plano

Listing Agent's Description

You will love this beautiful and well maintained home with tile and wood-like laminate flooring throughout. 3 split bedrooms, 2 full bath, a formal dining that can be used as an office, spacious family room, crown molding and vaulted ceilings. The kitchen has a breakfast bar, travertine tile backsplash, and granite countertops. The Master has crown molding and vaulted ceilings, dual sinks, separated shower and a garden tub. Close to shopping, dining, and entertaining. Only about 10 miles to Southlake and Westlake, 30 min drive to DFW International Airport. Keller ISD.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Valley Brook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Valley Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Parkwood Hill Intermediate School Primary Regular 1,070 57 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Parkwood Hill Intermediate School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 57
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,033
Property Tax -$642
Property Insurance -$130
HOA -$29
Property Management Fees -$99
CASH FLOW
-$223

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,843

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6804$1,7105$1,745
$1,745
RENT COMPS ANALYSIS
  • 5757 Mountain Stream Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.97
    •  
  • 8820 Moon Rise Court Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2010
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 9021 Graywolf Ridge Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 2009
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 5733 Moon Flower Court Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2007
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.01
    •  
  • 9116 Sun Haven Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2011
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sarah Liu
Ebby Halliday, Realtors Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491224
Last Updated: 12/29/2020
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