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6325 Red Cliff Drive Fort Worth, TX 76179

4 Beds 3 Baths 2,573 sqft Built 2019

$339,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $132.10
  • 1 Days on Market
  • MLS # : 14514676
  • Updated Date : 02/06/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,573 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mission Real Estate Group

Listing Agent's Description

GORGEOUS MODERN FARMHOUSE!! SHOWS LIKE A MODEL HOME!! UPGRADES GALORE!! This is a 4 bedroom, 2.5 half bath with study and game room. Master bathroom has upgraded tile shower, double sinks and large walk-in closet. Kitchen features built in microwave, upgraded vent a hood, nice pantry and beautiful lighting. Upstairs features 3 large bedrooms with walk in closets and a full bathroom. This is a must see! Buyer to verify all measurements and schools.

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.
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,181
Property Tax -$779
Property Insurance -$176
HOA -$16
Property Management Fees -$99
CASH FLOW
-$401

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.

$339,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.54%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$91

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8403$1,8454$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 6325 Red Cliff Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.72
    •  
  • 6156 Chalk Hollow Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2016
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.71
    •  
  • 6341 Eagles Rest Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.73
    •  
  • 6165 Chalk Hollow Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2016
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.77
    •  
  • 6117 Chalk Hollow Drive Fort Worth, TX 4
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2016
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
PROPERTY LISTING DETAILS
Kindyle Ledingham
Mission Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514676
Last Updated: 02/06/2021
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