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641 Darlington Trail Fort Worth, TX 76131

4 Beds 3 Baths 3,000 sqft Built 2003

INVESTimate

$293,000

List Price

$2,150

$1,935 - $2,365

Rent Est.

$305,189  ( +4.16%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $97.67
  • 7 Days on Market
  • MLS # : 14417415
  • Updated Date : 08/20/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,000 sqft
  • Baths : 2 full , 1 half
Listing Agent

All City Real Estate

Listing Agent's Description

Beautiful 3000 sqft home in desirable Creekwood Subdivision. 3 living areas, 2 dining areas, 4 bedrooms, on a large lot. This light and bright home will impress with tall ceilings, and lots of space for entertaining. Granite counters in the kitchen with a large pantry and new oven. Kitchen is open to the second dining and large second living area with gas fireplace. Laundry is in a separate room. Main suite on the first floor has a large walk in closet, attached bath with separate shower, garden tub and dual sinks. 3 bedrooms and full bath up along with the 3rd living area. This home is just down the street from the pond with walking paths, park and swim club. See 3D matterport tour attached. Must See!!

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: Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k286k

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

Neighborhood: Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191858

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$263,700$322,300$293,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

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$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,081
Property Tax -$672
Property Insurance -$201
HOA -$42
Property Management Fees -$99
CASH FLOW
$56

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.

$293,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.16%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,395

INVESTMENT

$83,395

Down Payment
$73,250
Rehab Estimate
$5,750
Closing Costs
$4,395

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,081

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,250
Loan Amount $219,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$19,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,288

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,2504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 641 Darlington Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.72
    •  
  • 8124 Laurel Oak Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 2007
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.71
    •  
  • 768 Red Elm Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 2007
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 8201 Rock Elm Road Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,265 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,265 Sqft ∙ Built 2006
    property image
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.74
    •  
  • 8501 Horse Whisper Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2002
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
PROPERTY LISTING DETAILS
Sarah Sheperd
All City Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417415
Last Updated: 08/20/2020
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