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6600 Stolte Lane Fort Worth, TX 76123

5 Beds 4 Baths 3,788 sqft Built 2021

$448,451

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $118.39
  • 7 Days on Market
  • MLS # : 14493751
  • Updated Date : 01/06/2021 at 08:24
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,788 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14493751 - Built by First Texas Homes - February completion! ~ This beautiful 2 story home has high vaulted ceilings in the entrance and family room making it a grand entrance! This home has a game room and media room upstairs which is great for entertaining! The master bedroom is located downstairs while the secondary bedrooms are all upstairs for more privacy. There is a large covered patio on this home great for outside entertaining as well.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76123

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76123

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$403,606$493,296$448,451

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,558
Property Tax -$1,147
Property Insurance -$246
HOA -$120
Property Management Fees -$99
CASH FLOW
-$500

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$448,451

PROJECTED PRICE

$2,670

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 3.00%
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$1.2M$1.4M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,840

INVESTMENT

$120,840

Down Payment
$112,113
Rehab Estimate
$2,000
Closing Costs
$6,727

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,558

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,113
Loan Amount $336,338
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$98

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,664

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,6703$2,6954$2,995
$2,995
RENT COMPS ANALYSIS
  • 6600 Stolte Lane Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,788 Sqft ∙ Built 2021 5 beds 4 baths ∙ 3,788 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.70
    •  
  • 5001 Pallas Court Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,499 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,499 Sqft ∙ Built 2007
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.68
    •  
  • 5309 Sunnyway Drive Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,814 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,814 Sqft ∙ Built 2001
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.71
    •  
  • 5048 Whisper Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 4,134 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,134 Sqft ∙ Built 2005
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.72
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493751
Last Updated: 01/06/2021
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