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660 Cattlemans Way Fort Worth, TX 76131

3 Beds 2 Baths 1,844 sqft Built 2011

INVESTimate

$249,990

List Price

$1,710

$1,539 - $1,881

Rent Est.

$270,064  ( +8.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $135.57
  • 8 Days on Market
  • MLS # : 14416216
  • Updated Date : 08/24/2020 at 21:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,844 sqft
  • Baths : 2 full
Listing Agent

Relocity Real Estate Llc

Listing Agent's Description

Beautiful home in the Eagle Mountain Saginaw school district. Great location for shopping, entertainment and restaurants - Alliance Town Center, Presidio Village & Tanger Outlet mall all nearby. This home is close to fun entertainment and a reasonable driving distance from downtown Fort Worth. Equipped with new ceramic flooring, this home has split bedrooms and a separate office. Some of the upgrades include: granite countertops, kitchen skylight, barn door in the master bedroom and a spacious office. This well maintained, move-in ready home won't last long! All information herein deemed reliable, but not guaranteed. Buyer or buyers agent to verify all measurements, schools, etc.

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: Liberty Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Liberty Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191888

* 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
 

$224,991$274,989$249,990

PURCHASE PRICE

$1,539$1,881$1,710

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$922
Property Tax -$573
Property Insurance -$134
HOA -$28
Property Management Fees -$99
CASH FLOW
-$46

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.

$249,990

PROJECTED PRICE

$1,710

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.03%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,997

INVESTMENT

$71,997

Down Payment
$62,498
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,498
Loan Amount $187,493
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,392

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
  • $0.93

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,7104$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 660 Cattlemans Way Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.93
    •  
  • 9105 Liberty Crossing Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 2005
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.90
    •  
  • 1617 Birds Eye Road Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 2006
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 9229 Bronze Meadow Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2017
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 9040 Bronze Meadow Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2017
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
PROPERTY LISTING DETAILS
Dale Mbambi
Relocity Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416216
Last Updated: 08/24/2020
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