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5791 Fawn Court Haltom City, TX 76137

4 Beds 2 Baths 2,337 sqft Built 1996

$275,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $117.67
  • 3 Days on Market
  • MLS # : 14530989
  • Updated Date : 03/20/2021 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,337 sqft
  • Baths : 2 full
Listing Agent

The Wall Team Realty Assoc

Listing Agent's Description

**Multiple offers received. Please submit offers by Monday, March 22nd at 8pm. Seller will make decision Tuesday morning** Move in ready 4 bedroom home nestled next to a cul de sac in the Fossil Beach Subdivision. Welcoming entrance that leads to one of the living areas with large windows for an abundance of natural light. Oversized kitchen hosts stainless steel sink, views of the backyard, and plenty of cabinet and counter space. Relaxing owner's retreat features a fireplace, sitting area, and full bath with a garden tub and separate shower. Open patio in the backyard is great for grilling and storage shed completes the package. Walking distance from Big Fossil Creek and Buffalo Ridge Park. RARE OPPORTUNITY!

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: Fossil Beach

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $76k336k

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

Neighborhood: Fossil Beach

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7062171

* 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
Parkview Elementary School Primary Regular 669 48 5
Fossil Ridge High School High Regular 2,308 133 7
Parkview Elementary School Primary Unknown NA

Parkview Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 48
5
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Parkview Elementary School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$955
Property Tax -$619
Property Insurance -$162
Property Management Fees -$99
CASH FLOW
-$15

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.

$275,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$10,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,817

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8203$1,8504$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 5791 Fawn Court Haltom City, TX 2
    • 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.78
    •  
  • 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 3
    • 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
Laurie Wall
The Wall Team Realty Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530989
Last Updated: 03/20/2021
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