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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $132.41
- 4 Days on Market
- MLS # : 14521966
- Updated Date : 02/26/2021 at 12:01
CONSTRUCTION
- Beds : 4
- Floor Size : 1,586 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
This DR Horton Jupiter Floor plan is very open and gives you plenty of space downstairs. The plan comes with split bedrooms - master is down and the other bedrooms are upstairs. Extremely large kitchen offers great eat-in space and the home has great flow. There is a large room upstairs for a comfortable TV room or playroom. The master bath is large and inviting, with a tremendous walkin closet. Large covered front porch plus additional nice sized back covered patio offer even more living space. Community pool as well! Come by and view another impressive home by DR Horton
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: Northbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northbrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$729 |
| Property Tax | -$500 | |
| Property Insurance | -$119 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$85
|
||
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.
$210,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$61,400
LOAN DETAILS
$729
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
6.17
YEARS SAVED
$14,838
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,507
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
5916 Kristen Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 1,586 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,586 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,560
- $0.98
-
1764 Independence Road Blue Mound, TX 1
- 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1998
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,495
- $0.97
-
2661 Silver Hill Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2003
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,500
- $0.93
-
6012 Melanie Drive Fort Worth, TX 4
- 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 2006
LEASED 01/19/21- Rent
- Rent Per SQFT
- $1,650
- $0.93
-
6213 Miranda Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2005
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14521966
Last Updated: 02/26/2021
