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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $121.58
- 2 Days on Market
- MLS # : 14493204
- Updated Date : 01/02/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,665 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Ftworth
Listing Agent's Description
Pride of ownership is evident in this well maintained, brick home in Whitestone Ranch. Located on a corner lot with beautiful trees and landscaping. The kitchen offers much cabinet storage and granite counter tops; connected to the breakfast nook and dining room, as well as looking over the living room. The 4 bedrooms give generous space, as well as an additional room that can be used to your needs, such as work out, office or play space. Garage has substantial storage as well as a room to store equipment or tools. Recessed lighting and plantation shutters throughout give this home the upgraded feel you are looking for. Conveniently located to highly sought after schools, shopping, dining and entertainment.
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: Whitestone Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Whitestone Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$1,195 |
| Property Tax | -$698 | |
| Property Insurance | -$181 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$246
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$324,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.75%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| 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
$91,610
LOAN DETAILS
$1,195
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,000 |
| Loan Amount | $243,000 |
8.33
YEARS SAVED
$41,843
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,470
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
7517 Heights View Drive Benbrook, TX 2
- 4 beds 2 baths ∙ 2,665 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,665 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,420
- $0.91
-
7213 Tour Trail Benbrook, TX 1
- 3 beds 2 baths ∙ 2,700 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,700 Sqft ∙ Built 2016
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,250
- $0.83
-
7501 Hillstone Drive Benbrook, TX 3
- 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 2010
LEASED 07/31/19- Rent
- Rent Per SQFT
- $2,450
- $1.02
-
5220 Katy Rose Court Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012
LEASED 02/25/20- Rent
- Rent Per SQFT
- $2,750
- $0.93
PROPERTY LISTING DETAILS
Keller Williams Realty Ftworth
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493204
Last Updated: 01/02/2021
