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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $110.24
- 5 Days on Market
- MLS # : 14448457
- Updated Date : 11/25/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,177 sqft
- Baths : 2 full
Listing Agent
Williams Trew Real Estate
Listing Agent's Description
Welcome to 6357 Spring Ranch Drive! This lovely single story offers 3 bedrooms, 2 bathrooms plus an office and second living. Natural light boasts throughout the open floor plan, with new interior paint. Spacious kitchen with island and eat-in kitchen leads to main living with a cozy fireplace. Spacious master split from secondary bedrooms, has walk-in closet, separate shower and garden tub. An extended patio in the backyard offers plenty of room to grill and hangout with the family or entertain! Conveniently located 10 miles from downtown Fort Worth, with easy access to major highways.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stone Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$550 | |
| Property Insurance | -$153 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$5
|
||
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.
$240,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
4.25
YEARS SAVED
$11,582
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,747
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
6357 Spring Ranch Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 2010
![property image]()
- Rent
- Rent Per SQFT
- $1,710
- $0.79
-
6336 Granite Creek Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2007
![property image]()
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,525
- $0.73
-
6220 Granite Creek Drive Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 2008
![property image]()
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,750
- $0.83
-
6329 Stone Lake Drive Fort Worth, TX 4
- 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2007
![property image]()
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,790
- $0.87
-
6300 Jasper Lake Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 2018
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,795
- $0.78
PROPERTY LISTING DETAILS
Williams Trew Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14448457
Last Updated: 11/25/2020
