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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $146.20
- 6 Days on Market
- MLS # : 14486635
- Updated Date : 12/19/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,197 sqft
- Baths : 2 full
Listing Agent
The Michael Group Real Estate
Listing Agent's Description
Awesome cute and cozy open concept kitchen to living room. Three bedroom, two bath and one car garage. Large yard. Covered back patio. Fresh interior and exterior paint.
SEE MORE
- # 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
Neighborhood: Countryside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Countryside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,350 |
| EXPENSES | Loan Payment | -$646 |
| Property Tax | -$401 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$108
|
||
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.
$175,000
PROJECTED PRICE
$1,350
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$52,125
LOAN DETAILS
$646
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $43,750 |
| Loan Amount | $131,250 |
7.42
YEARS SAVED
$18,701
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,350
LIST RENT -
$1.13
LIST RENT PER SQFT
-
$1,164
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
6806 Brookhaven Trail Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,197 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,350
- $1.13
-
2700 Green Ridge Street Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1984
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,295
- $0.95
-
2505 Butterfield Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1985
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,295
- $0.96
-
6600 Brookhaven Court Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,285 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,285 Sqft ∙ Built 1983
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,300
- $1.01
-
7112 Ranger Way Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 2002
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,335
- $0.97
PROPERTY LISTING DETAILS
The Michael Group Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486635
Last Updated: 12/19/2020
