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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $128.27
- 4 Days on Market
- MLS # : 14496467
- Updated Date : 01/15/2021 at 19:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,949 sqft
- Baths : 2 full
Listing Agent
Wright Real Estate Brokerage
Listing Agent's Description
Near Eagle Mountain Lake, this home has a desirable open concept floor plan that features 3 way split bedrooms plus office. Office can be closed off & is great for those working from home or could be used as a 4th bedroom. Check out this kitchen with huge center island, stylish white quartz counters, recessed lighting, upgraded oversized cabinets plus tons of extra storage found in 2 pantries!The primary suite is located at the back of the house a features a huge walk-in closet, 2 sinks & separate shower & garden tub.Extras include covered front porch, sprinkler system, camera, solar screens, rock & brick landscape border, ceiling fans, flat screen wiring plus more. Neighborhood offers community playground.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$573 | |
| Property Insurance | -$140 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$75
|
||
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.
$250,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.5% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
2.67
YEARS SAVED
$5,497
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,822
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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6249 Topsail Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 2017
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- Rent
- Rent Per SQFT
- $1,630
- $0.84
-
6320 Sails Street Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 2017
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LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,695
- $0.95
-
6244 Topsail Drive Fort Worth, TX 3
- 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2018
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LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,695
- $0.91
-
6256 Topsail Drive Fort Worth, TX 4
- 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2018
![property image]()
LEASED 09/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
7433 Errandale Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2014
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.98
PROPERTY LISTING DETAILS
Wright Real Estate Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496467
Last Updated: 01/15/2021
