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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $132.19
- 2 Days on Market
- MLS # : 14525443
- Updated Date : 03/07/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,420 sqft
- Baths : 2 full , 1 half
Listing Agent
Veteran Realty Group
Listing Agent's Description
This Beautiful home has a wonderful floorplan with 3 bedrooms plus an office that could also be used as a 4th bedroom. The cozy upstairs loft makes a great second living area or game room. This home features granite kitchen counter tops as well as granite bathroom vanities, frameless shower door, updated lighting fixtures, large walk in master closet, stainless steel appliances, wood floors. The backyard is a TRANQUIL PARADISE with a large built in deck over looking the natural beauty of Buffalo Ridge Park. This home is a must see! OPEN HOUSE, Sunday, March 7th, 1-3
SEE MORE
- 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: Fossil Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fossil Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$720 | |
| Property Insurance | -$167 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$247
|
||
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.
$319,900
PROJECTED PRICE
$1,850
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 11.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,524
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
1
YEARS SAVED
$1,486
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,882
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
5770 Fall Creek Drive Haltom City, TX 3
- 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,850
- $0.76
-
4824 Ashton Avenue Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 1989
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,750
- $0.78
-
5825 Clear Creek Drive Haltom City, TX 2
- 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1997
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,850
- $0.77
-
5277 Chessie Circle Haltom City, TX 4
- 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 1999
LEASED 12/19/20- Rent
- Rent Per SQFT
- $1,895
- $0.77
-
4270 Lake Villas Drive Fort Worth, TX 5
- 3 beds 3 baths ∙ 2,522 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,522 Sqft ∙ Built 1999
LEASED 06/09/20- Rent
- Rent Per SQFT
- $2,000
- $0.79
PROPERTY LISTING DETAILS
Veteran Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14525443
Last Updated: 03/07/2021
