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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $120.24
- 7 Days on Market
- MLS # : 14494730
- Updated Date : 01/14/2021 at 11:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,204 sqft
- Baths : 3 full
Listing Agent
Orchard Brokerage
Listing Agent's Description
Click the Virtual Tour link to view the 3D Matterport walkthrough. This beautiful home sits on a spacious alley access lot in a quiet countryside subdivision close to parks, schools, and Benbrook Lake. The impressive foyer showcases Luxury Vinyl Plank that carries throughout the main level. Vaulted ceilings with crown molding and open concept with generous room sizes. The living room is open to the upgraded kitchen that features all stainless steel appliances including a fridge, granite counters with a breakfast bar, and backsplash. The luxurious master suite and a guest bedroom are on the main level. 5 -piece master bath with a walk-in closet. A family room is on the upper level. Clean and ready to call home.
SEE MORE
- # 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: Primrose Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Primrose Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$607 | |
| Property Insurance | -$155 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$189
|
||
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.
$265,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.4% |
| 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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
7.67
YEARS SAVED
$26,286
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 -
$0.91
LIST RENT PER SQFT
-
$1,962
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
5857 Bindweed Street Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2015
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- Rent
- Rent Per SQFT
- $2,000
- $0.91
-
9324 Horsemanship Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2017
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LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,775
- $0.86
-
6548 Longhorn Herd Lane Fort Worth, TX 2
- 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2017
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.89
-
5840 Dew Plant Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018
![property image]()
LEASED 01/06/21- Rent
- Rent Per SQFT
- $2,095
- $0.93
-
5821 Bindweed Street Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2016
![property image]()
LEASED 08/02/19- Rent
- Rent Per SQFT
- $2,200
- $0.88
PROPERTY LISTING DETAILS
Orchard Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14494730
Last Updated: 01/14/2021
