Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6601 Stolte Lane Fort Worth, TX 76123

5 Beds 4 Baths 4,245 sqft Built 2020

$446,488

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $105.18
  • 2 Days on Market
  • MLS # : 14528151
  • Updated Date : 03/06/2021 at 15:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,245 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14528151 - Built by First Texas Homes - June completion! ~ This lovely two story home has 2 bedrooms down and 4 bedrooms up. This home is great for entertaining with the lovely game room and media. The home has soaring ceilings with a great patio for outdoor entertaining as well.

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: 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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$401,839$491,137$446,488

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,551
Property Tax -$1,024
Property Insurance -$272
HOA -$120
Property Management Fees -$99
CASH FLOW
-$226

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.

$446,488

PROJECTED PRICE

$2,840

PROJECTED RENT

0.64%

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-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,319

INVESTMENT

$120,319

Down Payment
$111,622
Rehab Estimate
$2,000
Closing Costs
$6,697

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,551

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,622
Loan Amount $334,866
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,780

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,8403$2,995
$2,995
RENT COMPS ANALYSIS
  • 6601 Stolte Lane Fort Worth, TX 2
    • 6 beds 4 baths ∙ 4,245 Sqft ∙ Built 2020 6 beds 4 baths ∙ 4,245 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.67
    •  
  • 8369 Summer Park Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 4,326 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,326 Sqft ∙ Built 2003
    property image
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.59
    •  
  • 5048 Whisper Drive Fort Worth, TX 3
    • 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 #: 14528151
Last Updated: 03/06/2021
BESbswy