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7705 Marble Canyon Court Fort Worth, TX 76137

4 Beds 3 Baths 3,069 sqft Built 1992

$360,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $117.30
  • 3 Days on Market
  • MLS # : 14522173
  • Updated Date : 02/26/2021 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,069 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Gorgeous 4 bedroom home with pool in desirable Park Glen! Features include hardwood floors, two living spaces down, formal dining, and a large living room with fireplace. Updated kitchen includes newer stainless steel LG appliances, gas stove, granite counters, designer backsplash, large pantry, and plenty of cabinet space! All bedrooms upstairs with extra large master suite, three split bedrooms, and a gameroom. Perfect home for entertaining with a cedar screened in patio, sparkling pool, hot tub, and plenty of landscaping for privacy. Keller ISD!

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: Park Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Park Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Park Glen Elementary School Primary Regular 546 38 7
Central High School High Regular 2,573 140 8
Central High School High Unknown NA

Park Glen Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 38
7
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating

Central High School

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

$324,000$396,000$360,000

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 -$1,250
Property Tax -$825
Property Insurance -$205
HOA -$5
Property Management Fees -$99
CASH FLOW
-$295

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.

$360,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,178

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
  • $0.68

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,0904$2,0955$2,300
$2,300
RENT COMPS ANALYSIS
  • 7705 Marble Canyon Court Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,069 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,069 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.68
    •  
  • 7020 Indiana Avenue Fort Worth, TX 1
    • 5 beds 3 baths ∙ 2,944 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,944 Sqft ∙ Built 1993
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.66
    •  
  • 7808 Silver Sage Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 1997
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 5463 Blue Water Lake Drive Fort Worth, TX 4
    • 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2001
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.73
    •  
  • 7804 Rushmore Court Fort Worth, TX 5
    • 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 2001
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.72
    •  
PROPERTY LISTING DETAILS
Rena Connors
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522173
Last Updated: 02/26/2021
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