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6320 Britannic Street Fort Worth, TX 76179

4 Beds 3 Baths 2,139 sqft Built 2019

$269,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $126.18
  • 4 Days on Market
  • MLS # : 14531043
  • Updated Date : 03/13/2021 at 13:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,139 sqft
  • Baths : 2 full , 1 half
Listing Agent

Scott Real Estate

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. Highest and Best Due Sunday 3-14 at 7pm. Fantastic family home in Marine Creek Hills! This home is virtually brand new and barely lived in. Kitchen has granite countertops and stainless steel appliances. Vinyl flooring in wet areas and carpet throughout. Home constructed in 2019 so everything from HVAC to hot water heater to appliances is virtually brand new. If you're looking for a home that's as close to brand new as possible this is not one to miss! Come see it today before it's gone!

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.
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$937
Property Tax -$619
Property Insurance -$151
HOA -$29
Property Management Fees -$99
CASH FLOW
-$25

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.

$269,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7954$1,8105$1,850
$1,850
RENT COMPS ANALYSIS
  • 6320 Britannic Street Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.85
    •  
  • 5405 Creek Hill Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 2009
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 6424 Meadow Way Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2007
    property image
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 6409 Meadow Way Lane Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2007
    property image
    LEASED 02/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 6301 Provinces Street Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2012
    property image
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ryan Morris
Scott Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531043
Last Updated: 03/13/2021
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