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6200 Jackstaff Drive Fort Worth, TX 76179

3 Beds 3 Baths 2,197 sqft Built 2020

INVESTimate

$276,932

List Price

$1,780

$1,602 - $1,958

Rent Est.

$297,647  ( +7.48%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $126.05
  • 8 Days on Market
  • MLS # : 14416835
  • Updated Date : 08/22/2020 at 10:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14416835 - Built by History Maker Homes - October completion! ~ spacious 2 story home. large kitchen island and plenty of counter space. Master features a large walk in closet, separate vanities along with a walk in shower. features on a corner home site with an over sized back yard.

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MARKET HIGHLIGHTS

  • 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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$249,239$304,625$276,932

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

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$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,022
Property Tax -$635
Property Insurance -$154
HOA -$25
Property Management Fees -$99
CASH FLOW
-$155

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$276,932

PROJECTED PRICE

$1,780

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.48%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,387

INVESTMENT

$75,387

Down Payment
$69,233
Rehab Estimate
$2,000
Closing Costs
$4,154

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,233
Loan Amount $207,699
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$3,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,802

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,7803$1,7924$1,7955$1,835
$1,835
RENT COMPS ANALYSIS
  • 6200 Jackstaff Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.81
    •  
  • 7124 Bannock Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2007
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.82
    •  
  • 7221 Little Mohican Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2005
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,792
    • $0.81
    •  
  • 5829 Mount Plymouth Point Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,338 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,338 Sqft ∙ Built 2007
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.77
    •  
  • 7105 Kickapoo Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 2014
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.88
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416835
Last Updated: 08/22/2020
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