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6161 Chalk Hollow Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,597 sqft Built 2015

$216,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $135.82
  • 2 Days on Market
  • MLS # : 14470526
  • Updated Date : 11/14/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,597 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Of Arlington

Listing Agent's Description

Lovely one owner home, kept to perfection & updated to meet the most discriminating buyer's expectations at an unbelievably affordable price! Entry leads past formal dining, currently used as a play room, to gourmet kitchen w-gorgeous granite c'tops, SS appliances & an abundance of cabinet space to delight the family chef! Kitchen opens across spacious breakfast bar to breakfast nook & inviting family room, creating the open feeling that every family enjoys! Split master suite features walk in closet, sep shower & a soaking tub for those precious few moments of peaceful solitude. Out back is a covered patio overlooking the huge backyard, perfect for the kids to run and play or for those Sunday afternoon BBQs!!

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: 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
 

$195,210$238,590$216,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$800
Property Tax -$497
Property Insurance -$120
HOA -$31
Property Management Fees -$99
CASH FLOW
-$57

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.

$216,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

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

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$63,229

INVESTMENT

$63,229

Down Payment
$54,225
Rehab Estimate
$5,750
Closing Costs
$3,254

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$800

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,225
Loan Amount $162,675
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$6,949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5953$1,6004$1,7005$1,725
$1,725
RENT COMPS ANALYSIS
  • 6161 Chalk Hollow Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.93
    •  
  • 6152 Nathan Creek Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2016
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 6132 Nathan Creek Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2016
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 6237 Obsidian Creek Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 2017
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 6244 Granite Creek Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2006
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
PROPERTY LISTING DETAILS
Dan Stafford
Re/max Associates Of Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470526
Last Updated: 11/14/2020
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