Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7700 Castillo Road Fort Worth, TX 76112

3 Beds 3 Baths 1,752 sqft Built 1983

$217,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $123.86
  • 6 Days on Market
  • MLS # : 14468709
  • Updated Date : 11/10/2020 at 08:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 3 full
Listing Agent

Summit, Realtors

Listing Agent's Description

Renovated home after small fire in kitchen. Previous owner extended a living space (next to family room). Total sq ft shown on tax record may not account for this addition. Swimming pool needs repair. All info deemed reliable but not guaranteed, buyer shall seek independent verification. Home is seller investment property. Seller is related to seller's agent.

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: Eastbrook

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Eastbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8641734

* 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
Bill J. Elliott Elementary School Primary Regular 650 38 5
Handley Middle School Middle Regular 521 42 4
Eastern Hills High School High Regular 1,215 96 2

Bill J. Elliott Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 38
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
 

$195,300$238,700$217,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$801
Property Tax -$497
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$164

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.

$217,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,255

INVESTMENT

$63,255

Down Payment
$54,250
Rehab Estimate
$5,750
Closing Costs
$3,255

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$801

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,250
Loan Amount $162,750
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$26,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,660

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,6554$1,6905$1,775
$1,775
RENT COMPS ANALYSIS
  • 7700 Castillo Road Fort Worth, TX 4
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.96
    •  
  • 2909 Hitson Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1980
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 2913 Tommy Street Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1976
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 7609 Kingsmill Terrace Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 1978
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,655
    • $0.96
    •  
  • 7840 Bermejo Road Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1981
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.97
    •  
PROPERTY LISTING DETAILS
Phung Truong
Summit, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468709
Last Updated: 11/10/2020
BESbswy