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5963 River Bend Drive Benbrook, TX 76132

3 Beds 3 Baths 2,290 sqft Built 1997

$375,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $163.76
  • 2 Days on Market
  • MLS # : 14470645
  • Updated Date : 11/14/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,290 sqft
  • Baths : 2 full , 1 half
Listing Agent

Points West Agency

Listing Agent's Description

Beautifully updated home in *a unique, gated community with unmatched convenience to all things Fort Worth* This custom built home with a shared private lake, close to shopping, and trails will not last long! Contact us today for a showing! HOA pays for yard care and trash (does not include flower beds).

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: Bellaire Country Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $117k425k

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

Neighborhood: Bellaire Country Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262278

* 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
Ridglea Hills Elementary School Primary Regular 666 36 6
William Monnig Middle School Middle Regular 490 37 2
Arlington Heights High School High Regular 1,831 114 4

Ridglea Hills Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 36
6
GreatSchools Rating

William Monnig Middle School

  • Education Level: Middle
  • # of students: 490
  • # of teachers: 37
2
GreatSchools Rating

Arlington Heights High School

  • Education Level: High
  • # of students: 1,831
  • # of teachers: 114
4
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,384
Property Tax -$808
Property Insurance -$160
HOA -$117
Property Management Fees -$99
CASH FLOW
-$457

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.

$375,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1103$2,1754$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 5963 River Bend Drive Benbrook, TX 2
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.92
    •  
  • 6417 Lago Vista Drive Benbrook, TX 1
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 1994
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
  • 4917 Ridglea Hills Court Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,116 Sqft ∙ Built 2008
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.03
    •  
  • 5901 River Bend Drive Benbrook, TX 4
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1994
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 6936 Allen Place Drive Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 1993
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Nicole Shipman
Points West Agency
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470645
Last Updated: 11/14/2020
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