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5812 Glenshee Drive 
Fort Worth, TX
76135
4 Beds 2 Baths 2,085 sqft
Built 2003
INVESTimate
$234,900
List Price
$67,999
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $112.66
- 2 Days on Market
- MLS # : 14419595
- Updated Date : 08/25/2020 at 21:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,085 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Ftworth
Listing Agent's Description
Very Charming, One Story, 4 Bedroom Home! This home offers a great floorplan and is move in ready! Recent upgrades include new flooring throughout, and fresh paint! It has a large covered patio, and no neighbors directly behind to give you a bit of privacy as well! Large bedrooms, both bathrooms offer double sinks. There is an extra living space, that could be used for many different purposes! Walking distance to community pools, park, elementary school, and Marine Creek. Make this beautiful home yours!
SEE MORE
- . 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: Marine Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marine Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$538 | |
| Property Insurance | -$148 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$22
|
||
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.
$234,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.20% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,999
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,725 |
| Loan Amount | $176,175 |
3.67
YEARS SAVED
$9,538
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,652
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
5812 Glenshee Drive Fort Worth, TX 2
- 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,660
- $0.80
-
5008 Spoon Drift Drive Fort Worth, TX 1
- 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,103 Sqft ∙ Built 2003
![property image]()
LEASED 09/06/19- Rent
- Rent Per SQFT
- $1,625
- $0.77
-
5224 Royal Burgess Drive Fort Worth, TX 3
- 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2001
![property image]()
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,670
- $0.80
-
5901 Secco Court Fort Worth, TX 4
- 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2005
![property image]()
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,695
- $0.83
-
5613 Penwell Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 2004
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.77
PROPERTY LISTING DETAILS
Keller Williams Realty Ftworth
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419595
Last Updated: 08/25/2020
