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6013 El Campo Fort Worth, TX 76107

4 Beds 3 Baths 2,923 sqft Built 2020

$649,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $222.03
  • 4 Days on Market
  • MLS # : 14474508
  • Updated Date : 11/19/2020 at 15:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,923 sqft
  • Baths : 2 full , 1 half
Listing Agent

Living Real Estate Group

Listing Agent's Description

Rare opportunity!! New Construction in 76107. Don't let your clients miss out on this fantastic new build by Clarity Homes. This French inspired two story has 4 beds and 2.5 baths. Located on a very desirable street, with room for a pool!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Westridge Area

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k381k

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

Neighborhood: Westridge Area

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9191977

* 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
Mary Louise Phillips Elementary School Primary Regular 554 33 6
William Monnig Middle School Middle Regular 490 37 2
Arlington Heights High School High Regular 1,831 114 4

Mary Louise Phillips Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 33
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
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,395
Property Tax -$1,488
Property Insurance -$196
Property Management Fees -$99
CASH FLOW
-$1,457

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$649,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 3.00%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$173,985

INVESTMENT

$173,985

Down Payment
$162,250
Rehab Estimate
$2,000
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,985

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$2,720
1$2,7202$3,7503$3,9004$4,000
$4,000
RENT COMPS ANALYSIS
  • 6013 El Campo Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.93
    •  
  • 519 Trailrider Road Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,792 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,792 Sqft ∙ Built 2017
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.34
    •  
  • 505 Sheer Bliss Lane Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2017
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.43
    •  
  • 2316 Hillcrest Street Fort Worth, TX 4
    • 3 beds 4 baths ∙ 3,032 Sqft ∙ Built 2014 3 beds 4 baths ∙ 3,032 Sqft ∙ Built 2014
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.32
    •  
PROPERTY LISTING DETAILS
Carson Snyder
Living Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474508
Last Updated: 11/19/2020
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