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6952 Canyon Springs Road Fort Worth, TX 76132

5 Beds 4 Baths 3,267 sqft Built 2000

$389,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $119.07
  • 5 Days on Market
  • MLS # : 14515364
  • Updated Date : 03/17/2021 at 10:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,267 sqft
  • Baths : 3 full , 1 half
Listing Agent

Williams Trew Real Estate

Listing Agent's Description

Welcome to Hulen Bend Estates! Move-in ready 5-bedroom home located 1-block from community pool, park and Oakmont Elementary. Dream kitchen opens to family room offering large island, breakfast area, Jenn-Air SS double ovens, 6-burner gas range and granite. Giant master suite has sitting area, large custom closet, walk-in shower and tub. Upstairs family room provides room for entertaining or homework. Enjoy the incredible outdoor living space featuring large covered flagstone patio and full outdoor kitchen with built-in BBQ and sink. Other features include laminate floors, half bath, plantation shutters, updated baths, home office or 3rd living downstairs, raised gardens, shed and privacy fence.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Hulen Bend Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $104k312k

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

Neighborhood: Hulen Bend Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9192092

* 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
Oakmont Elementary School Primary Regular 561 39 5
Summer Creek Middle School Middle Regular 779 52 4
North Crowley High School High Regular 2,442 148 4

Oakmont Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 39
5
GreatSchools Rating

Summer Creek Middle School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 52
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,351
Property Tax -$892
Property Insurance -$216
HOA -$43
Property Management Fees -$99
CASH FLOW
-$1

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.

$389,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,331

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,185

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9903$3,0004$3,0005$3,900
$3,900
RENT COMPS ANALYSIS
  • 6952 Canyon Springs Road Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,267 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,267 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.80
    •  
  • 6924 Vista Ridge Court Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,554 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,554 Sqft ∙ Built 1999
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.84
    •  
  • 7301 Valencia Grove Court Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,295 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,295 Sqft ∙ Built 2010
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 6812 Vista Ridge Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1995
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
  • 6417 Fianna Hills Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,393 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,393 Sqft ∙ Built 2001
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.15
    •  
PROPERTY LISTING DETAILS
Ida Duwe
Williams Trew Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515364
Last Updated: 03/17/2021
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