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5828 Canyon Oaks Lane Fort Worth, TX 76137

4 Beds 3 Baths 2,515 sqft Built 2017

INVESTimate

$339,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$371,408  ( +9.56%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $134.79
  • 8 Days on Market
  • MLS # : 14416270
  • Updated Date : 08/19/2020 at 16:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,515 sqft
  • Baths : 3 full
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

MOVE-IN READY Parks of Fossil Creek Home with 4 bedrooms down! Gorgeous kitchen color combination with stylish herringbone back-splash and granite island with built-in seating. Bright and open family room with feature fireplace wall. The Master suite is nicely tucked away and split from the secondary bedrooms. Separate utility room with ample storage space. Large game room creates an ideal flex space with full bathroom upstairs. Play space in the private backyard with no rear neighbors. Relax on the covered patio and the swing is included! Epoxy coated garage floor adds a finished touch to a fine Home. Quick highway access to both I-35W and 820. 3D Virtual Tour available.

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: Fairway Bend

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k309k

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

Neighborhood: Fairway Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9192378

* 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
Northbrook Elementary School Primary Regular 653 41 5
Ed Willkie Middle School Middle Regular 862 53 5

Northbrook Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 41
5
GreatSchools Rating

Ed Willkie Middle School

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

$305,100$372,900$339,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,251
Property Tax -$777
Property Insurance -$173
HOA -$49
Property Management Fees -$99
CASH FLOW
-$349

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.

$339,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.56%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,974

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$2,0004$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 5828 Canyon Oaks Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 5825 Clear Creek Drive Haltom City, TX 1
    • 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1997
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 5776 Gleneagles Circle Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2001
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 4270 Lake Villas Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,522 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,522 Sqft ∙ Built 1999
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 4029 Esker Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
PROPERTY LISTING DETAILS
David Darty
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416270
Last Updated: 08/19/2020
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