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6308 Timberwolfe Lane Fort Worth, TX 76135

5 Beds 5 Baths 4,222 sqft Built 2004

$599,900

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $142.09
  • 3 Days on Market
  • MLS # : 14466017
  • Updated Date : 11/07/2020 at 15:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,222 sqft
  • Baths : 4 full , 1 half
Listing Agent

Skye Tx Realty Group

Listing Agent's Description

Wow! Gorgeous well maintained custom home on tranquil 2.5 acres has a place for everything & everyone. Lots of room for togetherness or privacy if you want it. Warm comfortable and inviting. Timeless curb appeal & spacious floorplan w attention to detail Chef's kitchen w granite, gas, double ovens, island, large pantry, custom drawers and pullouts, butlers pantry Flex room down w closet and adj bath could be Bed 6, Formal DR, Huge LR with built ins, private master retreat down, large study down w closet and priv entrance, abundant storage, mud area, window seats, built ins, long driveway w extra parking. Fenced, Oversized 3 car gar, Covered front & back patios, sunroom Horses permitted. 10 min from Lockheed

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: Silver Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k389k

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

Neighborhood: Silver Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Eagle Heights Elementary School Primary Regular 478 29 6
Azle Junior High School Middle Regular 465 27 6
Azle High School High Regular 1,742 107 7

Eagle Heights Elementary School

  • Education Level: Primary
  • # of students: 478
  • # of teachers: 29
6
GreatSchools Rating

Azle Junior High School

  • Education Level: Middle
  • # of students: 465
  • # of teachers: 27
6
GreatSchools Rating

Azle High School

  • Education Level: High
  • # of students: 1,742
  • # of teachers: 107
7
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,213
Property Tax -$1,375
Property Insurance -$271
HOA -$41
Property Management Fees -$99
CASH FLOW
-$990

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$599,900

PROJECTED PRICE

$3,010

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$3

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $4,011

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,010
1$3,0102$3,800
$3,800
RENT COMPS ANALYSIS
  • 6308 Timberwolfe Lane Fort Worth, TX 1
    • 5 beds 5 baths ∙ 4,222 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,222 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $0.71
    •  
  • 10536 Silver Fox Court Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,995 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,995 Sqft ∙ Built 2008
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Angela Hodge
Skye Tx Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466017
Last Updated: 11/07/2020
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