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

6825 Fire Dance Drive Benbrook, TX 76126

3 Beds 2 Baths 1,981 sqft Built 2020

$339,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $171.13
  • 4 Days on Market
  • MLS # : 14470435
  • Updated Date : 11/12/2020 at 13:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,981 sqft
  • Baths : 2 full
Listing Agent

Steve Hawkins, Realtors

Listing Agent's Description

new Construction, Ready spring 2021

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: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k476k

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

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Westpark Elementary School Primary Regular 484 25 8
Benbrook Middle School Middle Regular 911 59 5
Western Hills High School High Regular 1,236 94 3

Westpark Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 25
8
GreatSchools Rating

Benbrook Middle School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Western Hills High School

  • Education Level: High
  • # of students: 1,236
  • # of teachers: 94
3
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,251
Property Tax -$731
Property Insurance -$142
HOA -$48
Property Management Fees -$99
CASH FLOW
-$290

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.

$339,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.58%

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) 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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,835

INVESTMENT

$91,835

Down Payment
$84,750
Rehab Estimate
$2,000
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,9804$2,1905$2,190
$2,190
RENT COMPS ANALYSIS
  • 6825 Fire Dance Drive Benbrook, TX 3
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.00
    •  
  • 7101 Crenshaw Drive Benbrook, TX 1
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2005
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 10908 Tour Trail Benbrook, TX 2
    • 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2015
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
  • 5524 Vaquero Road Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.03
    •  
  • 5568 Vaquero Road Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2020
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.03
    •  
PROPERTY LISTING DETAILS
J. Michael Milam
Steve Hawkins, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470435
Last Updated: 11/12/2020
BESbswy