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6112 Nathan Creek Drive Fort Worth, TX 76179

4 Beds 2 Baths 1,669 sqft Built 2016

$245,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $146.79
  • 2 Days on Market
  • MLS # : 14493867
  • Updated Date : 01/09/2021 at 12:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Updated and Ready for Quick Move in! This home has brand new vinyl plank wood floors installed through out, fresh light grey paint, white cabinetry and fresh sod in the LARGE BACKYARD! NO CARPET! This would make a great family home located across from the neighborhood amenity center. A great lay out offers a spacious living area with vaulted ceilings, split bedroom floor plan, and a 4th bedroom that can be perfect for the home office! Eat in kitchen offers granite counter tops and ample counter space. Enjoy family gatherings again in 2021 with this HUGE backyard that has endless opportunities. This home won't last long at this price!

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Stone Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Stone Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Ed Willkie Middle School Middle Regular 862 53 5

Ed Willkie Middle School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$851
Property Tax -$562
Property Insurance -$124
HOA -$23
Property Management Fees -$99
CASH FLOW
$72

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.

$245,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.2%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,686

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6454$1,6555$1,730
$1,730
RENT COMPS ANALYSIS
  • 6112 Nathan Creek Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.04
    •  
  • 6152 Nathan Creek Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2016
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 6132 Nathan Creek Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2016
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 5953 Obsidian Creek Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2018
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.03
    •  
  • 6133 Obsidian Creek Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2017
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,655
    • $1.04
    •  
PROPERTY LISTING DETAILS
Dani Hampton
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493867
Last Updated: 01/09/2021
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