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613 Darlington Trail Fort Worth, TX 76131

4 Beds 2 Baths 2,154 sqft Built 2004

$269,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $124.88
  • 2 Days on Market
  • MLS # : 14461165
  • Updated Date : 11/07/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,154 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Immaculate single story home with open floor plan featuring high ceilings, wood flooring & new carpet. Spacious kitchen with center island, pantry & butler's pantry or coffee bar area with charming window seat in casual dining. Living room has hardwood flooring & gas fireplace with built in speakers. French doors open to a den adjacent to three privately tucked back bedrooms with a full bath perfect for a kids play room or 2nd living room. Covered patio overlooking landscaped backyard with northern exposure. Side patio with doggy-door provides easy access for pets. New microwave, rear fence, water heater. Community amenities include neighborhood pool, sport court & playground & walking trails surrounding pond.

SEE MORE

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: Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k286k

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

Neighborhood: Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191858

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$992
Property Tax -$617
Property Insurance -$152
HOA -$42
Property Management Fees -$99
CASH FLOW
-$12

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.

$269,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,858

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7753$1,7754$1,8655$1,890
$1,890
RENT COMPS ANALYSIS
  • 613 Darlington Trail Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.88
    •  
  • 709 Darlington Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 2005
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.79
    •  
  • 304 Darlington Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2011
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
  • 320 Darlington Trail Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 2011
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
  • 609 Catalpa Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2004
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jeff Watson
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461165
Last Updated: 11/07/2020
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