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7225 Laguna Del Campo Trail Fort Worth, TX 76131

5 Beds 4 Baths 2,886 sqft Built 2017

$364,999

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $126.47
  • 2 Days on Market
  • MLS # : 14496958
  • Updated Date : 01/09/2021 at 17:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,886 sqft
  • Baths : 3 full , 1 half
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Don't miss this great home. This is a true 5 bedroom home with an office. All your family will have the room they need. Entertaining is easy here with a open living and kitchen concept with a large island in the kitchen with lots of granite counters and cabinets. Enjoy the evenings around the fire on the covered back patio with extended patio with room for your outdoor kitchen. Upgrades throughout the house makes it feel like home as soon as you walk in. Upgraded luxury vinyl flooring throughout the downstairs, even in the oversized primary bedroom. Secondary bedrooms upstairs. Jack n Jill bathrooms between each bedroom makes for bathroom access for all bedrooms. Perfect location to shopping and highways.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

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
Chisholm Ridge Elementary School Primary Regular 651 37 5
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

Chisholm Ridge Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 37
5
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$328,499$401,499$364,999

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,268
Property Tax -$837
Property Insurance -$194
HOA -$46
Property Management Fees -$99
CASH FLOW
-$293

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.

$364,999

PROJECTED PRICE

$2,150

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,749
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,063

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8253$2,1504$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 7225 Laguna Del Campo Trail Fort Worth, TX 3
    • 5 beds 4 baths ∙ 2,886 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,886 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.74
    •  
  • 7625 Sienna Ridge Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2005
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.63
    •  
  • 1412 Pheasant Run Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2004
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.65
    •  
  • 7740 Anatolian Way Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2015
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 2305 Simmental Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2016
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
PROPERTY LISTING DETAILS
Wanda Cox
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496958
Last Updated: 01/09/2021
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