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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $135.14
- 2 Days on Market
- MLS # : 14493160
- Updated Date : 01/02/2021 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,554 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Charming one story four bedroom two bath home in the heart of West Fort Worth in the VERY popular White Settlement ISD. Great location, convenient to everything....freeways, shopping, Lockheed, schools and restaurants. Newer ac unit, fresh interior paint, updated kitchen and baths, HUGE fenced backyard, 2 car garage, stainless appliances in kitchen, large living area with wood burning fireplace. Newer flooring, granite counters in kitchen, breakfast bar, newer windows and wonderful layout. This is a good one!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Westpoint
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westpoint
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$775 |
| Property Tax | -$481 | |
| Property Insurance | -$117 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$118
|
||
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
$1,590
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$61,400
LOAN DETAILS
$775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
7.17
YEARS SAVED
$21,298
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,659
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
608 Panay Way Drive Fort Worth, TX 3
- 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,590
- $1.02
-
813 Annapolis Drive Fort Worth, TX 1
- 3 beds 3 baths ∙ 1,399 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,399 Sqft ∙ Built 1979
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,495
- $1.07
-
708 Annapolis Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1980
LEASED 10/02/20- Rent
- Rent Per SQFT
- $1,500
- $1.10
-
113 Suttonwood Drive Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1986
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,600
- $1.07
-
254 Indian Mound Court Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1984
LEASED 08/04/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493160
Last Updated: 01/02/2021
