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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $125.99
- 2 Days on Market
- MLS # : 14535597
- Updated Date : 03/20/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,294 sqft
- Baths : 3 full , 1 half
Listing Agent
Modern Edge Real Estate
Listing Agent's Description
This fantastic home has it ALL in the highly sought-after Marine Creek Ranch! From the soaring ceilings to the wood floors you will find this home checks many boxes! Relax in the owner's suite, entertain on the covered patio or chat with a friend on the front porch after making this home yours! The theatre room, game room in the loft, multiple living areas, and study allow for more space to spread out. The gourmet kitchen boasts beautiful cabinets, granite counters, an island, double ovens, a butler's pantry, and a large walk-in pantry. This community offers a community pool and clubhouse, a private late area, park, greenbelt, and playground.
SEE MORE
- 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: 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 | $2,140 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$951 | |
| Property Insurance | -$218 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$599
|
||
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.
$415,000
PROJECTED PRICE
$2,140
PROJECTED RENT
0.52%
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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
0
YEARS SAVED
$6
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$2,133
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
6105 Cooper Creek Street Fort Worth, TX 4
- 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,140
- $0.65
-
852 Cats Eye Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2006
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,775
- $0.60
-
941 Stone Chapel Way Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2004
LEASED 03/02/21- Rent
- Rent Per SQFT
- $2,000
- $0.68
-
6152 Redear Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 2005
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,045
- $0.64
-
6672 Cascade Canyon Trail Fort Worth, TX 5
- 5 beds 5 baths ∙ 3,189 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,189 Sqft ∙ Built 2006
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,150
- $0.67
PROPERTY LISTING DETAILS
Modern Edge Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14535597
Last Updated: 03/20/2021
