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5921 Ash Flat Drive Fort Worth, TX 76131

4 Beds 3 Baths 2,118 sqft Built 2001

$245,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $115.68
  • 5 Days on Market
  • MLS # : 14489676
  • Updated Date : 12/23/2020 at 20:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,118 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

Come see this adorable 4 Bed 2 Bath home in The Crossing at Fossil Creek. This home has a great flow with an open concept kitchen and living room. The kitchen has a light and airy feel with stainless steel appliances and white cabinetry. The entire home has great neutral colors with all bedrooms upstairs. The backyard has a great green space with mature trees and a covered patio. Come view this home today!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: The Crossing of Fossil Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: The Crossing of Fossil Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Northbrook Elementary School

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

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$904
Property Tax -$562
Property Insurance -$150
HOA -$33
Property Management Fees -$99
CASH FLOW
$63

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.

$245,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,917

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6954$1,8105$2,200
$2,200
RENT COMPS ANALYSIS
  • 5921 Ash Flat Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.85
    •  
  • 2621 Evening Shade Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2004
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 2688 Silver Hill Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2003
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 5745 Ozark Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 2003
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 2712 Flint Rock Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,268 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,268 Sqft ∙ Built 2001
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Shelley Green
Keller Williams-johnson County
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489676
Last Updated: 12/23/2020
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