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6020 Fox Wheel Way Fort Worth, TX 76123

3 Beds 3 Baths 2,253 sqft Built 2020

$387,709

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $172.09
  • 7 Days on Market
  • MLS # : 14510807
  • Updated Date : 02/04/2021 at 08:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,253 sqft
  • Baths : 3 full
Listing Agent

David M. Weekley

Listing Agent's Description

NEW DAVID WEEKLEY HOME IN TAVOLO PARK! Offerings 3 beds and 2 baths with a study, and a 3-car garage. Family and friends will love coming over for the holidays while gathering around the fireplace in this open concept floorplan. The boastin ample natural light from the numerous windows, and carefully throughout room layouts your search for a new home that makes sense at an affordable price is over. Enjoy making memories on the covered porch or gather around the island for your favorite beverage and meals. Make this holiday sweet in your new home. Ask about our 1-2-10 Year Warranty and SAVE BIG with our Energy Saver Program!

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: Stone Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Stone Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$348,938$426,480$387,709

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,347
Property Tax -$971
Property Insurance -$157
HOA -$54
Property Management Fees -$99
CASH FLOW
-$908

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$387,709

PROJECTED PRICE

$1,720

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,743

INVESTMENT

$104,743

Down Payment
$96,927
Rehab Estimate
$2,000
Closing Costs
$5,816

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,927
Loan Amount $290,782
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,740

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7593$1,7754$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 6020 Fox Wheel Way Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.76
    •  
  • 8213 Cedarcrest Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2003
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,759
    • $0.76
    •  
  • 4513 Marguerite Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2004
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.82
    •  
  • 4504 Stone Mountain Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2001
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 4516 Pebble Stone Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,425 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,425 Sqft ∙ Built 2001
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510807
Last Updated: 02/04/2021
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