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6651 Gascony Place Fort Worth, TX 76132

4 Beds 4 Baths 3,100 sqft Built 2005

$494,900

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $159.65
  • 5 Days on Market
  • MLS # : 14465129
  • Updated Date : 11/05/2020 at 14:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,100 sqft
  • Baths : 4 full
Listing Agent

Berkshire Hathawayhs Acr

Listing Agent's Description

Traditional home tucked into a secure cul-de-sac in the coveted Trinity Heights neighborhood. Features include hand-scraped hardwood floors, plantation shutters throughout, crown molding, gourmet kitchen with butler's pantry and stone fireplace. 4 bedrooms and 4 bathrooms ensure privacy for all. Upstairs bedroom with ensuite could be playroom, theatre room, flex space. Small terraced backyard needs little to no maintenance. Two ACs keep the house cool in summer and house has two hot water heaters and two attic spaces. Garage is spacious and has workshop area. Owners are motivated to sell and move for a new job opportunity. Get ready to enjoy a lovely family Christmas in this beautiful home!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76132

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k352k

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

Zip Code: 76132

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9192208

* 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
Oakmont Elementary School Primary Regular 561 39 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Oakmont Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 39
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
 

$445,410$544,390$494,900

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$1,826
Property Tax -$1,332
Property Insurance -$206
HOA -$92
Property Management Fees -$99
CASH FLOW
-$385

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.

$494,900

PROJECTED PRICE

$3,170

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
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-$5.0k$0.0$5.0k

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$136,899

INVESTMENT

$136,899

Down Payment
$123,725
Rehab Estimate
$5,750
Closing Costs
$7,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,725
Loan Amount $371,175
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,154

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0003$3,1704$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 6651 Gascony Place Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.02
    •  
  • 7120 Axis Court Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2000
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 7301 Valencia Grove Court Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,295 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,295 Sqft ∙ Built 2010
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 6309 Dawn Hills Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2003
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.03
    •  
  • 6812 Vista Ridge Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1995
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.13
    •  
PROPERTY LISTING DETAILS
Kathy Dierker
Berkshire Hathawayhs Acr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465129
Last Updated: 11/05/2020
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