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601 Deauville Drive Fort Worth, TX 76108

3 Beds 2 Baths 1,722 sqft Built 1988

$210,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $121.95
  • 3 Days on Market
  • MLS # : 14483618
  • Updated Date : 12/11/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,722 sqft
  • Baths : 2 full
Listing Agent

Seasons Of Life Re Group Llc

Listing Agent's Description

Nice home with fresh wall paint and mature trees offering plenty of shade in quiet neighborhood. Fully enclosed sunroom, cozy fireplace in the den, and high vaulted ceilings in the master bedroom. Walk in laundry and pantry combo. Offers spacious accommodations. Must see!

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: Central Chapel Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Central Chapel 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
Blue Haze Elementary School Primary Regular 844 48 7
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

Blue Haze Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 48
7
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$775
Property Tax -$481
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
$88

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.

$210,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$18,119

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5703$1,6004$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 601 Deauville Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.91
    •  
  • 10828 Tall Oak Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1986
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 420 Birchwood Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1986
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 10505 Maria Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1994
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 10501 Bing Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1992
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
Cristina Broeske
Seasons Of Life Re Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483618
Last Updated: 12/11/2020
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