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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $162.44
- 4 Days on Market
- MLS # : 14507870
- Updated Date : 01/29/2021 at 21:52
CONSTRUCTION
- Beds : 4
- Floor Size : 3,626 sqft
- Baths : 4 full
Listing Agent
League Real Estate
Listing Agent's Description
Bellaire Park North beauty with classic details and luxurious appointments. This 4 bedroom, 4 bath, 3 living and 2 dining area home has all the space and storage you will need! You will appreciate the many features of the home including a fully renovated master bathroom with walk-in shower, an expansive covered patio, lush landscaping, play pool and gated driveway. Windows galore bring in an abundance of natural light with access to the backyard from all three living rooms. Cooking and entertaining will be a dream with the professional gas range, second wall oven and wet bar with a built in wine refrigerator and kegerator. This home is sure to check all your boxes; come and make it your home!
SEE MORE
- . 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
Neighborhood: Bellaire Park North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bellaire Park North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,180 |
| EXPENSES | Loan Payment | -$2,046 |
| Property Tax | -$1,350 | |
| Property Insurance | -$237 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$552
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$589,000
PROJECTED PRICE
$3,180
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$161,835
LOAN DETAILS
$2,046
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $147,250 |
| Loan Amount | $441,750 |
0.42
YEARS SAVED
$983
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,180
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$3,614
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
6701 Glen Meadow Drive Fort Worth, TX 1
- 4 beds 4 baths ∙ 3,626 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,626 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $3,180
- $0.88
-
4216 Ridglea Country Club Drive Benbrook, TX 2
- 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1969 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1969
LEASED 02/14/20- Rent
- Rent Per SQFT
- $3,300
- $0.98
-
6920 Allen Place Drive Fort Worth, TX 3
- 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 1993
LEASED 08/09/19- Rent
- Rent Per SQFT
- $3,600
- $1.01
-
6682 Trinity Heights Boulevard Fort Worth, TX 4
- 4 beds 4 baths ∙ 3,689 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,689 Sqft ∙ Built 2001
LEASED 11/24/20- Rent
- Rent Per SQFT
- $3,700
- $1.00
PROPERTY LISTING DETAILS
League Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507870
Last Updated: 01/29/2021
