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812 Havenwood Lane Fort Worth, TX 76112

3 Beds 2 Baths 1,812 sqft Built 1996

$235,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $129.69
  • 2 Days on Market
  • MLS # : 14493247
  • Updated Date : 01/09/2021 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

Dfw Fine Properties

Listing Agent's Description

Immaculate and beautiful home located in a golf course community. Very well maintained, second owner, with hardwood and tile flooring throughout. The large kitchen has a lots of natural light, storage, granite counters, white cabinets, upgraded appliances, island and eat in nook. The oversized family room is open to the kitchen and features a cozy fireplace. The owner's suite has room for a king sized bed and many other pieces of furniture along with an updated bath, separate shower and tub, dual vanities and walk in closet. Split floor plan with two additional bedrooms featuring wood floors and an updated secondary bath on the other side of the house from owner's suite. Recently replaced deck . Won't last!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Havenwood Golf Villas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k253k

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

Neighborhood: Havenwood Golf Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191749

* 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
John T. White Elementary School Primary Regular 761 40 3
Meadowbrook Middle School Middle Regular 584 45 4
Eastern Hills High School High Regular 1,215 96 2

John T. White Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 40
3
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 584
  • # of teachers: 45
4
GreatSchools Rating

Eastern Hills High School

  • Education Level: High
  • # of students: 1,215
  • # of teachers: 96
2
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$816
Property Tax -$539
Property Insurance -$132
HOA -$17
Property Management Fees -$99
CASH FLOW
$67

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.

$235,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.71%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$14,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,676

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6253$1,6504$1,6705$1,695
$1,695
RENT COMPS ANALYSIS
  • 812 Havenwood Lane Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.92
    •  
  • 209 Willow Ridge Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1999
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 1808 Lynnwood Hills Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2010
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.96
    •  
  • 305 Willow Oak Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1998
    property image
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 816 Lombardy Court Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
PROPERTY LISTING DETAILS
Lisa Wright
Dfw Fine Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493247
Last Updated: 01/09/2021
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