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817 San Felipe Trail Fort Worth, TX 76052

4 Beds 2 Baths 1,928 sqft Built 2006

$254,765

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $132.14
  • 3 Days on Market
  • MLS # : 14481300
  • Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,928 sqft
  • Baths : 2 full
Listing Agent

Northpoint Real Estate

Listing Agent's Description

Spacious 4 bed, 2 bath with oversized yard and fresh paint and flooring throughout. Bedrooms are split for privacy. Formal dining room. Eat in kitchen with breakfast bar open to family room. Master bedroom has garden tub, separate shower, dual sinks and walk in closet. Neutral colors throughout. Roof replaced December 2020.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Sendera Ranch East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k336k

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

Neighborhood: Sendera Ranch East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10842171

* 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
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$229,289$280,242$254,765

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$940
Property Tax -$584
Property Insurance -$139
HOA -$46
Property Management Fees -$99
CASH FLOW
-$248

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.

$254,765

PROJECTED PRICE

$1,560

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,263

INVESTMENT

$73,263

Down Payment
$63,691
Rehab Estimate
$5,750
Closing Costs
$3,821

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,691
Loan Amount $191,074
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5603$1,6004$1,6455$1,695
$1,695
RENT COMPS ANALYSIS
  • 817 San Felipe Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.81
    •  
  • 860 Poncho Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 2006
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 14020 Firebush Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2005
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 613 Rio Bravo Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2010
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.85
    •  
  • 641 Rosario Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 2006
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
PROPERTY LISTING DETAILS
Stephanie Mccoy
Northpoint Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481300
Last Updated: 12/04/2020
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