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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $106.67
- 7 Days on Market
- MLS # : 14509277
- Updated Date : 02/02/2021 at 13:09
CONSTRUCTION
- Beds : 3
- Floor Size : 3,749 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams-johnson County
Listing Agent's Description
Beautiful and immaculate home at the end of cul-de-sac in quiet established neighborhood. The interior offers 2 living and 2 dining downstairs with all 3 bedrooms. Large chef's dream kitchen with 42 in cabinets for storage and center island and breakfast bar. Cozy den and amazing master suite with sitting room and lots of natural light. Gorgeous pool in backyard! New roof and gutters in August 2018, New water heater 2017, New AC System 2018, Pool and deck resurfaced- 2020. Pride of ownership shows in the care of this incredible home. Don't miss this gorgeous gem! Pool table conveys to new buyers.
SEE MORE
- 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: Hulen Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hulen Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$917 | |
| Property Insurance | -$244 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$270
|
||
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.
$399,900
PROJECTED PRICE
$2,420
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
1.17
YEARS SAVED
$2,326
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$2,343
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
7900 Wister Drive Fort Worth, TX 2
- 3 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,420
- $0.65
-
4675 Pine Grove Lane Fort Worth, TX 1
- 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004
LEASED 01/06/20- Rent
- Rent Per SQFT
- $2,000
- $0.57
-
8112 Geranium Lane Fort Worth, TX 3
- 4 beds 3 baths ∙ 3,685 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,685 Sqft ∙ Built 2005
LEASED 01/06/21- Rent
- Rent Per SQFT
- $2,500
- $0.68
PROPERTY LISTING DETAILS
Keller Williams-johnson County
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509277
Last Updated: 02/02/2021
