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7621 Northumberland Drive Fort Worth, TX 76179

5 Beds 4 Baths 3,258 sqft Built 2020

$376,900

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $115.68
  • 6 Days on Market
  • MLS # : 14464604
  • Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,258 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ntex Realty, Lp

Listing Agent's Description

Check out this STUNNING 2 story home that has it all! This home boasts a flex space, formal dining room, large upstairs game room and so much more! With the 4 secondary bedrooms and 2 full bathrooms upstairs, it makes the large downstairs owners suite with access to the laundry room through the owners closet makes the perfect tranquil escape! The spacious family room includes a wood burning fireplace. Don't let this beautiful home slip through your fingers, come take a look today!

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

ZipNIR 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
Lake Pointe Elementary School Primary Regular 664 35 8
Creekview Middle School Middle Regular 801 47 7
Boswell High School High Regular 1,605 106 7

Lake Pointe Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 35
8
GreatSchools Rating

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$339,210$414,590$376,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,391
Property Tax -$917
Property Insurance -$215
HOA -$29
Property Management Fees -$99
CASH FLOW
-$561

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$376,900

PROJECTED PRICE

$2,090

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,879

INVESTMENT

$101,879

Down Payment
$94,225
Rehab Estimate
$2,000
Closing Costs
$5,654

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,391

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,225
Loan Amount $282,675
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$19

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,012

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9003$1,9954$2,0905$2,095
$2,095
RENT COMPS ANALYSIS
  • 7621 Northumberland Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,258 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,258 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.64
    •  
  • 6348 Apalachee Trail Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2007
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.59
    •  
  • 5833 Deck House Road Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2008
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.62
    •  
  • 8840 Noontide Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.64
    •  
  • 7156 Little Mohican Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 3,357 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,357 Sqft ∙ Built 2007
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.62
    •  
PROPERTY LISTING DETAILS
Clinton Shipley
Ntex Realty, Lp
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464604
Last Updated: 11/03/2020
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