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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $154.58
- 3 Days on Market
- MLS # : 14518824
- Updated Date : 02/19/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,426 sqft
- Baths : 3 full
Listing Agent
Perpetual Realty Group Llc
Listing Agent's Description
Beautifully updated home in the established Ridglea Country Club Estates, this home is a must see. Kitchen features quarts countertops, designer backsplash, stainless appliances and a wine fridge. Wait till you see the size of the closets in each bedroom! 3 full bathrooms, each has it's own tub as well as a separate shower in the master and stone countertops. Wet bar just off the living room makes this house perfect for entertaining.
SEE MORE
- 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
Neighborhood: Ridglea Country Club Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridglea Country Club Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,460 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$860 | |
| Property Insurance | -$167 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$23
|
||
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.
$375,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
4.5
YEARS SAVED
$17,294
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,460
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,432
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
6816 Riverridge Road Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,460
- $1.01
-
5901 River Bend Drive Benbrook, TX 1
- 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 1994
LEASED 10/10/19- Rent
- Rent Per SQFT
- $2,200
- $1.00
-
6936 Allen Place Drive Fort Worth, TX 2
- 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 1993
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,300
- $1.00
-
6965 Allen Place Drive Fort Worth, TX 4
- 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 1987
LEASED 12/04/19- Rent
- Rent Per SQFT
- $2,595
- $0.96
-
6700 Meadows West Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,772 Sqft ∙ Built 1979
LEASED 12/09/19- Rent
- Rent Per SQFT
- $2,900
- $1.05
PROPERTY LISTING DETAILS
Perpetual Realty Group Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518824
Last Updated: 02/19/2021
