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6100 Perch Drive Fort Worth, TX 76179

5 Beds 4 Baths 2,629 sqft Built 2007

$320,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $121.72
  • 4 Days on Market
  • MLS # : 14521823
  • Updated Date : 02/25/2021 at 12:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,629 sqft
  • Baths : 3 full , 1 half
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Fort Worth two-story corner home offers granite countertops, and a two-car garage. Home utilities may be turned off due to weather conditions..

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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: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k269k

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

Neighborhood: Marine Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191828

* 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
Greenfield Elementary School Primary Regular 754 38 8
Ed Willkie Middle School Middle Regular 862 53 5
Chisholm Trail High School High Unknown NA

Greenfield Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 38
8
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating

Chisholm Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,111
Property Tax -$734
Property Insurance -$179
HOA -$30
Property Management Fees -$99
CASH FLOW
-$233

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.

$320,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8753$1,8754$1,9205$2,150
$2,150
RENT COMPS ANALYSIS
  • 6100 Perch Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.73
    •  
  • 6117 Chalk Hollow Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2016
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 6200 Ryan Creek Road Fort Worth, TX 2
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2016
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.69
    •  
  • 6245 White Jade Drive Fort Worth, TX 3
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2016
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.70
    •  
  • 5744 Spirit Lake Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 2013
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
PROPERTY LISTING DETAILS
Feras Rachid
Opendoor Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521823
Last Updated: 02/25/2021
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