Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $154.72
- 3 Days on Market
- MLS # : 14487350
- Updated Date : 12/18/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,650 sqft
- Baths : 3 full
Listing Agent
Jp And Associates Fort Worth
Listing Agent's Description
Located on a Cul-de-sac, you will fall in love with this beautiful new construction home in the sought out Lake Country Estates. This inviting open concept floor plan is full of windows which boast with natural lighting. The kitchen offers stainless steel appliances, wood shaker cabinets, granite, subway tile and a huge waterfall island. Upstairs has a family room with bar area, along with a full bath and the fourth bedroom. Sod and sprinkler system and fence has to be installed yet.
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
Neighborhood: Lake Country
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Country
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,513 |
| Property Tax | -$997 | |
| Property Insurance | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$869
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$410,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| 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
$110,650
LOAN DETAILS
$1,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
-0.25
YEARS SAVED
-$50
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,935
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
7500 Westwind Court Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,920
- $0.72
-
7221 Wavecrest Way Fort Worth, TX 1
- 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 2
- 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
-
6049 Deck House Road Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,990
- $0.71
-
6025 Clipper Lane Fort Worth, TX 5
- 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
![property image]()
LEASED 07/22/19- Rent
- Rent Per SQFT
- $2,100
- $0.75
PROPERTY LISTING DETAILS
Jp And Associates Fort Worth
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487350
Last Updated: 12/18/2020
