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6912 Bent Spur Drive 
Fort Worth, TX
76179
3 Beds 3 Baths 2,440 sqft
Built 2014
INVESTimate
$299,000
List Price
$84,985
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $122.54
- 2 Days on Market
- MLS # : 14417294
- Updated Date : 08/25/2020 at 23:14
CONSTRUCTION
- Beds : 3
- Floor Size : 2,440 sqft
- Baths : 2 full , 1 half
Listing Agent
Front Real Estate Co
Listing Agent's Description
Welcome to Eagle Ranch! This home has a great split floorplan with a wonderful mix of modern and traditional design. You can't miss the wooden floors in the living room, crown molding throughout, vaulted ceilings, and a beautifully upgraded kitchen with extended cabinets and granite countertops. The second living area is perfect as a homeschooling space, home office or family room. The half bath and coffee nook with sink and mini-fridge are just the icing on the cake. Book your tour today!
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: Eagle Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eagle Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$685 | |
| Property Insurance | -$168 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$407
|
||
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.
$299,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.25% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
0.17
YEARS SAVED
$46
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,793
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
6912 Bent Spur Drive Fort Worth, TX 1
- 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,670
- $0.68
-
6328 Spokane Drive Fort Worth, TX 2
- 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 2017
LEASED 03/15/19- Rent
- Rent Per SQFT
- $1,795
- $0.75
-
7125 Little Mohican Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2007
LEASED 10/21/19- Rent
- Rent Per SQFT
- $1,799
- $0.73
-
6341 Eagles Rest Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,840
- $0.73
-
7221 Wavecrest Way Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,850
- $0.73
PROPERTY LISTING DETAILS
Front Real Estate Co
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14417294
Last Updated: 08/25/2020
