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6312 Chalk Hollow Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,791 sqft Built 2012

$252,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $140.70
  • 3 Days on Market
  • MLS # : 14536676
  • Updated Date : 03/19/2021 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,791 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Meticulously maintained 3 bedroom 2 bath brick home in Stone Creek Ranch. This one features an extended back patio and the cutest outdoor entertaining spot ever. Custom storage shed in back yard or make it your private patio bar for the ultimate relaxation spot. Split floor plan w roomy guest rooms & large closets. Master suite features vaulted ceilings, en suite bath w lg shower, huge walk in closet & dual sinks. Kitchen w island w storage, eat in kitchen, custom wood cabinetry, security system & newly added solar. All electric, extra insulation for energy effeciency. Sprinklers front and back. Anti skid flooring in garage. Home is move in ready. Professional pics coming soon.

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

Neighborhood: Stone Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Stone Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Ed Willkie Middle School Middle Regular 862 53 5
Chisholm Trail High School High Unknown NA
Ed Willkie Middle School Middle Unknown NA

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating

Chisholm Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$226,800$277,200$252,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$875
Property Tax -$578
Property Insurance -$131
HOA -$28
Property Management Fees -$99
CASH FLOW
$10

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.

$252,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,530

INVESTMENT

$72,530

Down Payment
$63,000
Rehab Estimate
$5,750
Closing Costs
$3,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$875

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,000
Loan Amount $189,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6504$1,7205$1,725
$1,725
RENT COMPS ANALYSIS
  • 6312 Chalk Hollow Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.96
    •  
  • 6237 Chalk Hollow Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2008
    property image
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 6216 Chalk Hollow Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 6101 Redear Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2006
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 6244 Granite Creek Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2006
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
PROPERTY LISTING DETAILS
Julie Wells
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536676
Last Updated: 03/19/2021
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