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804 W Baltimore Avenue Fort Worth, TX 76110

4 Beds 3 Baths 2,525 sqft Built 2014

$494,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $195.64
  • 3 Days on Market
  • MLS # : 14522297
  • Updated Date : 02/26/2021 at 23:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,525 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real

Listing Agent's Description

Are you looking for a house in the heart of The Historical Fairmount District that never loses power during a Texas winter weather crisis? If so, this home is perfect for you! Offering rare finds for Fairmount, the house has a large backyard, garage parking, large bedrooms & closets, and an open layout. The house has all new exterior paint to add to its already unbeatable curb appeal. Since the home was built in 2014, sellers have perfectly maintained everything, throughout. Roof was replaced in 2016, new core in HVAC replaced in 2018. Peach tree in backyard conveys with strong offer!

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: Bellevue Hill

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $88k346k

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

Neighborhood: Bellevue Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9191949

* 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
E.m. Daggett Elementary School Primary Regular 792 40 4
Daggett Middle School Middle Regular 443 35 4
R.l. Paschal High School High Regular 2,610 162 6

E.m. Daggett Elementary School

  • Education Level: Primary
  • # of students: 792
  • # of teachers: 40
4
GreatSchools Rating

Daggett Middle School

  • Education Level: Middle
  • # of students: 443
  • # of teachers: 35
4
GreatSchools Rating

R.l. Paschal High School

  • Education Level: High
  • # of students: 2,610
  • # of teachers: 162
6
GreatSchools Rating
 

$444,600$543,400$494,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$1,716
Property Tax -$1,132
Property Insurance -$173
Property Management Fees -$99
CASH FLOW
-$160

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.

$494,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.0%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,660

INVESTMENT

$136,660

Down Payment
$123,500
Rehab Estimate
$5,750
Closing Costs
$7,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,500
Loan Amount $370,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $3,468

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,960
1$2,9602$3,2503$3,4004$4,000
$4,000
RENT COMPS ANALYSIS
  • 804 W Baltimore Avenue Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $1.17
    •  
  • 2313 W Devitt Street Fort Worth, TX 2
    • 5 beds 4 baths ∙ 2,288 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,288 Sqft ∙ Built 2016
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.42
    •  
  • 2516 Frazier Avenue Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2016
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.27
    •  
  • 2825 Gordon Avenue Fort Worth, TX 4
    • 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2015
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.43
    •  
PROPERTY LISTING DETAILS
Brittany Schirmeister
Real
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522297
Last Updated: 02/26/2021
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