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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $111.87
- 5 Days on Market
- MLS # : 14492061
- Updated Date : 12/30/2020 at 15:51
CONSTRUCTION
- Beds : 3
- Floor Size : 2,494 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Ready for a fresh start in your new home? Come see this stunning home boasting with natural light throughout, high ceilings, gourmet kitchen with abundant space & storage + an oversized breakfast bar and island that overlooks the nook and large family room! Home also features split oversized bedrooms with huge walk in closets and a King sized Master retreat with a relaxing seating area and his & her closets plus a spa-like bath with separate stand up shower and relaxing tub to melt away the stress of the day! Home also features a perfect back yard with a large covered back patio to enjoy our beautiful Texas sunsets & grilling entertainment with the privacy of no back yard neighbors!
SEE MORE
- # 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: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,029 |
| Property Tax | -$640 | |
| Property Insurance | -$171 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$284
|
||
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.
$279,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,685
LOAN DETAILS
$1,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
0.5
YEARS SAVED
$572
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,808
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
7400 Captain Lane Fort Worth, TX 1
- 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.67
-
6341 Eagles Rest Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
![property image]()
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,840
- $0.73
-
7221 Wavecrest Way Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,850
- $0.73
-
6276 Topsail Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018
![property image]()
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,895
- $0.73
-
7424 Innisbrook Lane Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006
![property image]()
LEASED 12/22/20- Rent
- Rent Per SQFT
- $1,895
- $0.71
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492061
Last Updated: 12/30/2020
