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7713 Pampas Drive Fort Worth, TX 76133

3 Beds 2 Baths 1,498 sqft Built 1996

$220,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $146.86
  • 3 Days on Market
  • MLS # : 14471151
  • Updated Date : 11/13/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,498 sqft
  • Baths : 2 full
Listing Agent

Red Team Real Estate

Listing Agent's Description

Charming 3 bedroom, 2 bath single story home in South Fort Worth. You will be impressed from the moment you walk inside to beautiful floors, walls and a cozy fireplace. Cook a delicious meal in a cheery kitchen equipped with new stainless appliances and designer lighting. Great counter space and a pantry. The spacious living and dining area perfect place to entertain family and friends.Head to the tranquil primary suite with vaulted ceiling, large bath with lovely walk in closet. Nice 10’ ceilings. Perfect location to travel on Chisholm Trail, Hulen and all new shopping opportunities. Buyer to verify all info including, not limited to room dimensions, features, schools.

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: Meadows of Candleridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Meadows of Candleridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9021734

* 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
Hazel Harvey Peace Elementary School Primary Regular 586 29 5
Wedgwood Middle School Middle Regular 931 54 4
Southwest High School High Regular 1,266 97 3

Hazel Harvey Peace Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 29
5
GreatSchools Rating

Wedgwood Middle School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 54
4
GreatSchools Rating

Southwest High School

  • Education Level: High
  • # of students: 1,266
  • # of teachers: 97
3
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$812
Property Tax -$504
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
-$89

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.

$220,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,442

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5003$1,5704$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 7713 Pampas Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.96
    •  
  • 7728 Greengage Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 4853 Madyson Ridge Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2003
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.92
    •  
  • 7609 Pear Tree Lane Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1983
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 4824 Barberry Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1985
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Stella Beech
Red Team Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471151
Last Updated: 11/13/2020
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