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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $146.92
- 3 Days on Market
- MLS # : 14494281
- Updated Date : 01/29/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,688 sqft
- Baths : 2 full
Listing Agent
Dfw Legacy Group
Listing Agent's Description
Welcome Home! This 4 bedroom 2 bathroom house offers the desirable open floor plan and split bedroom layout everyone is looking for. Built only a few years ago with recent updates makes this wonderful home different from others. Spacious living area with vaulted ceilings and is perfect for that big sectional couch, 4th bedroom offers french doors that can be used as a home office which is helpful for anyone who works remote. Owners suite can fit a king size bed! This home will not last long, it have warranty and it can be transfer to new owners. Come see it today!
SEE MORE
- . 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
* 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 | $1,750 |
| EXPENSES | Loan Payment | -$861 |
| Property Tax | -$569 | |
| Property Insurance | -$125 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$73
|
||
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.
$248,000
PROJECTED PRICE
$1,750
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
$71,470
LOAN DETAILS
$861
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,000 |
| Loan Amount | $186,000 |
5.58
YEARS SAVED
$15,771
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,705
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
6229 Verdon Gorge Drive Fort Worth, TX 5
- 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,750
- $1.04
-
6201 Verdon Gorge Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2018
LEASED 11/19/20- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
6041 Spring Ranch Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 2018
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
6237 Verdon Gorge Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2018
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,695
- $1.03
-
6013 Amber Cliff Lane Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,658 Sqft ∙ Built 2018
LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
PROPERTY LISTING DETAILS
Dfw Legacy Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14494281
Last Updated: 01/29/2021
