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709 Ridgewater Trail 
Fort Worth, TX
76131
3 Beds 2 Baths 1,787 sqft
Built 2008
INVESTimate
$225,900
List Price
$65,614
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $126.41
- 3 Days on Market
- MLS # : 14419460
- Updated Date : 08/25/2020 at 23:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,787 sqft
- Baths : 2 full
Listing Agent
The Property Shop
Listing Agent's Description
Beautiful 3-2-2 home on a cul-de-sac off Bonds Ranch Rd. Elongated driveway that holds 5 cars, with extra parking for a boat. Great community with pools, parks, playgrounds, ball field, clubhouse and walking paths. 5 minutes or less to all the assigned public schools. Home has been updated with a new roof in 2016. Other additional amenities include sprinkler system, rain gutters, second living area, covered back patio. Within minutes from Alliance Town Center shopping, dining and entertainment. Start the fall off right in this perfect home for you and your family.
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
Zip Code: 76131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76131
* 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 | $1,660 |
| EXPENSES | Loan Payment | -$833 |
| Property Tax | -$518 | |
| Property Insurance | -$130 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$48
|
||
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.
$225,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.66% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,614
LOAN DETAILS
$833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,475 |
| Loan Amount | $169,425 |
5.42
YEARS SAVED
$15,525
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,666
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
709 Ridgewater Trail Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,660
- $0.93
-
609 Tradewind Drive Fort Worth, TX 1
- 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 2009
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,595
- $0.86
-
10412 Turning Leaf Trail Fort Worth, TX 2
- 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2005
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
613 Goldstone Lane Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2009
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
10513 Turning Leaf Trail Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2014
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,699
- $0.94
PROPERTY LISTING DETAILS
The Property Shop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419460
Last Updated: 08/25/2020
