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PROPERTY INFO
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
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stone Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| 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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
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
-
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
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493867
Last Updated: 01/09/2021
