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759 Annette Drive Fort Worth, TX 76108

3 Beds 2 Baths 1,441 sqft Built 1998

$190,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $131.85
  • 1 Days on Market
  • MLS # : 14463589
  • Updated Date : 11/02/2020 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,441 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Check it Out! New carpet, new paint, roof repaired in October 2020. This open concept home with large covered patio in back with storage shed won't disappoint. Lots of storage in kitchen with pantry and dining area. There is a 4th room built into part of the garage it could be used as a game room, video room, storage room, craft room or a bedroom. The garage still has plenty of storage area for motorcycles, bicycles, lawn equipment and there is a work bench. The seller doesn't have a survey, they request the buyer pay for one if needed.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chapel Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $100k243k

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

Neighborhood: Chapel Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Blue Haze Elementary School Primary Regular 844 48 7
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

Blue Haze Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 48
7
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$701
Property Tax -$436
Property Insurance -$110
Property Management Fees -$99
CASH FLOW
$144

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.

$190,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$23,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,495

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4903$1,5004$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 759 Annette Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.03
    •  
  • 817 Village Point Lane Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,301 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,301 Sqft ∙ Built 2007
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.08
    •  
  • 816 Voltamp Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1989
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
  • 604 Lionel Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1988
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 774 Deauville Circle Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1998
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robin Karlik
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463589
Last Updated: 11/02/2020
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