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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $143.83
- 11 Days on Market
- MLS # : 14455846
- Updated Date : 10/24/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,807 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Ftworth
Listing Agent's Description
DESIRED MARINE CREEK RANCH! 1 OWNER LIKE NEW! YOU KNOW IT IS PRISTINE FROM THE ENTRY! SPACIOUS OPEN LIVING FEATURES HIGH CEILINGS, STONE FIREPLACE WITH GAS FOR FIREPLACE. FOR THE CHEF IN THE FAMILY LOOK AT THIS KITCHEN! GAS STOVE, GRANITE COUNTERS & ISLAND ALONG WITH AN ABUNDANCE OF CABINETS & W-I PANTRY. SPLIT BEDROOM FLOOR PLAN FOR PRIVATE MASTER SUITE WITH BAY WINDOW SITTING AREA. W-I SHOWER, SOAKER TUB, W-I CLOSET WIRED FOR VIDEO SECURITY FOR HOME. AMAZING EXTRAS & UPGRADES LIKE LARGE WRAP AROUND SLAB FOR PATIO ENTERTAINING. WORKSHOP-STORAGE BUILDING. PLUS EXTRA SLAB & WIRING FOR A HOT TUB! GARAGE IS OVERSIZED 25X25 WITH BUILT IN HEATER, CABINETS, & 220 PLUG! CORNER LOT, SPRINKLER SYS., COMMUNITY POOL
SEE MORE
- . 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: Marine Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marine Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$596 | |
| Property Insurance | -$132 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$155
|
||
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.
$259,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,624
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
1.67
YEARS SAVED
$3,376
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,653
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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5821 Water Ridge Court Fort Worth, TX 1
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- $1,650
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LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
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5832 Barrier Reef Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2005
LEASED 11/22/19- Rent
- Rent Per SQFT
- $1,695
- $0.89
-
5617 Spirit Lake Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2013
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Realty Ftworth
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14455846
Last Updated: 10/24/2020
