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6201 Jackstaff Drive Fort Worth, TX 76179

3 Beds 3 Baths 2,800 sqft Built 2020

INVESTimate

$303,204

List Price

$1,930

$1,737 - $2,123

Rent Est.

$325,884  ( +7.48%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $108.29
  • 8 Days on Market
  • MLS # : 14416818
  • Updated Date : 08/22/2020 at 10:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,800 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14416818 - Built by History Maker Homes - October completion! ~ The Balcony front is hard to miss in this beautiful home. Master and 2 guest rooms up . Family room is adjacent to the Kitchen with eat in island. large walk in pantry. Last of this plan available in Lake Vista Ranch

SEE MORE

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.
 

$272,884$333,524$303,204

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,119
Property Tax -$695
Property Insurance -$189
HOA -$25
Property Management Fees -$99
CASH FLOW
-$197

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.

$303,204

PROJECTED PRICE

$1,930

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$82,349

INVESTMENT

$82,349

Down Payment
$75,801
Rehab Estimate
$2,000
Closing Costs
$4,548

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,119

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,801
Loan Amount $227,403
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,974

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,8954$1,9305$1,950
$1,950
RENT COMPS ANALYSIS
  • 6201 Jackstaff Drive Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.69
    •  
  • 5244 Wheat Sheaf Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2005
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 7221 Wavecrest Way Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 7213 Little Mohican Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2006
    property image
    LEASED 04/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 5245 Wheat Sheaf Trail Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,894 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,894 Sqft ∙ Built 2006
    property image
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
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 #: 14416818
Last Updated: 08/22/2020
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