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761 San Felipe Trail Fort Worth, TX 76052

3 Beds 3 Baths 2,153 sqft Built 2007

$259,990

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $120.76
  • 3 Days on Market
  • MLS # : 14535041
  • Updated Date : 03/20/2021 at 12:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,153 sqft
  • Baths : 2 full , 1 half
Listing Agent

Monument Realty

Listing Agent's Description

Wonderful Home in Masterplanned Community of Sendera Ranch! NWISD Schools!!! 3 Bedroom, 2.1 Baths, Huge Gameroom, 2 Car garage...& a WOOD BURNING FIREPLACE! #snowstorm2021 Nice & Bright Kitchen open to Family Room. Updated Kitchen Cabinets and Paint throughout. Enjoy your social gatherings downstairs with the Privacy of all bedrooms upstairs. PERFECT for young families wanting to be on the same level as the kids! Oversized backyard with plenty of space for a pool and outdoor living! Enjoy the Community Features of 3 Pools, Sports Court, Multiple Playgrounds, Skating Ring, Parks & Trails and Clubhouse! THIS HOME WILL NOT LAST LONG!!!

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: Sendera Ranch East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k336k

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

Neighborhood: Sendera Ranch East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10842171

* 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
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8
Byron Nelson High School High Unknown NA

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$233,991$285,989$259,990

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$903
Property Tax -$596
Property Insurance -$152
HOA -$42
Property Management Fees -$99
CASH FLOW
-$31

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.

$259,990

PROJECTED PRICE

$1,760

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,647

INVESTMENT

$74,647

Down Payment
$64,998
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,998
Loan Amount $194,993
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7603$1,7954$1,7955$1,990
$1,990
RENT COMPS ANALYSIS
  • 761 San Felipe Trail Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.82
    •  
  • 709 Poncho Lane Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2006
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.78
    •  
  • 829 Rio Bravo Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
  • 813 Poncho Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2006
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 804 Salida Road Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2013
    property image
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kristie Seibert
Monument Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535041
Last Updated: 03/20/2021
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