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7516 Noble Oaks Drive Fort Worth, TX 76120

4 Beds 3 Baths 2,338 sqft Built 2020

$307,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $131.69
  • 3 Days on Market
  • MLS # : 14488527
  • Updated Date : 12/18/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,338 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Ozark plan is a stunning, two-story home in the community of Oak Ridge. This gorgeous home has a spacious layout with 4 bedrooms, 2.5 baths, a huge living room and more. The Ozark features a formal dining room as well as a breakfast area connected to the kitchen. In addition, this home comes with a host of included upgrades such as stainless steel kitchen appliances, granite countertops, gorgeous wood cabinets and an attached two-car garage complete with Wi-Fi-enabled opener installed. Schedule a tour of the Ozark plan today

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

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
 

$277,110$338,690$307,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,136
Property Tax -$706
Property Insurance -$162
HOA -$25
Property Management Fees -$99
CASH FLOW
-$238

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.

$307,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,594

INVESTMENT

$83,594

Down Payment
$76,975
Rehab Estimate
$2,000
Closing Costs
$4,619

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,975
Loan Amount $230,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6753$1,7504$1,8505$1,890
$1,890
RENT COMPS ANALYSIS
  • 7516 Noble Oaks Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.81
    •  
  • 817 Honey Dew Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2006
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.79
    •  
  • 809 Bee Creek Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.84
    •  
  • 7976 Meadow View Trail Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2004
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 924 Blackberry Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2013
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
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 #: 14488527
Last Updated: 12/18/2020
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