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7508 Pleasant Oaks Street Fort Worth, TX 76120

5 Beds 3 Baths 2,996 sqft Built 2020

$334,900

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $111.78
  • 3 Days on Market
  • MLS # : 14505119
  • Updated Date : 01/22/2021 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,996 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Tahoe plan is located in the family-friendly community of Oak Ridge. Inside this beautiful two-story home, you will find 5 bedrooms, 2.5 baths, an incredible layout, a huge upstairs game room and a plethora of included upgrades. The Tahoe comes complete with a full suite of stainless steel kitchen appliances, granite countertops, designer wood cabinetry and an attached two-car garage with a Wi-Fi-enabled opener. In addition, this home has a fully fenced back yard and professional front yard landscaping. Tour the Tahoe at Oak Ridge today!

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: John T. White

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: John T. White

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8551734

* 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
Lowery Road Elementary School Primary Regular 692 39 5
Handley Middle School Middle Regular 521 42 4
Eastern Hills High School High Regular 1,215 96 2

Lowery Road Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 39
5
GreatSchools Rating

Handley Middle School

  • Education Level: Middle
  • # of students: 521
  • # of teachers: 42
4
GreatSchools Rating

Eastern Hills High School

  • Education Level: High
  • # of students: 1,215
  • # of teachers: 96
2
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,163
Property Tax -$768
Property Insurance -$200
HOA -$25
Property Management Fees -$99
CASH FLOW
$435

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.

$334,900

PROJECTED PRICE

$2,690

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$90,749

INVESTMENT

$90,749

Down Payment
$83,725
Rehab Estimate
$2,000
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$58,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,696

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$2,9003$2,995
$2,995
RENT COMPS ANALYSIS
  • 7508 Pleasant Oaks Street Fort Worth, TX 1
    • 5 beds 3 baths ∙ 2,996 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,996 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.90
    •  
  • 8228 Snow Egret Way Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,239 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,239 Sqft ∙ Built 2016
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.90
    •  
  • 605 Waterchase Drive Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,342 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,342 Sqft ∙ Built 2003
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505119
Last Updated: 01/22/2021
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