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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $119.11
- 4 Days on Market
- MLS # : 14513302
- Updated Date : 02/04/2021 at 22:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,501 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes
Listing Agent's Description
The Driftwood plan is a spacious, upgraded, two-story, five-bedroom home now available at Quarter Horse Estates. This home features an open layout, incredible upgrades all included, a downstairs master suite and four additional bedrooms on the second story. In addition, the Driftwood plan showcases a large, upstairs game room that can easily be used as a play room or extra sitting area. Hurry in this weekend to tour the highly sought-after Driftwood plan!
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
Zip Code: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,035 |
| Property Tax | -$683 | |
| Property Insurance | -$172 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$172
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$297,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.39% |
| 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
$80,944
LOAN DETAILS
$1,035
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,475 |
| Loan Amount | $223,425 |
1.5
YEARS SAVED
$2,785
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,763
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
8317 Buck Mountain Pass Fort Worth, TX 5
- 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2021 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,820
- $0.73
-
4934 Wildcreek Way Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.68
-
4909 Wildcreek Way Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2005
LEASED 12/19/20- Rent
- Rent Per SQFT
- $1,695
- $0.69
-
4937 Parkview Hills Lane Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,699
- $0.72
-
4867 Creek Ridge Trail Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2004
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,795
- $0.73
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513302
Last Updated: 02/04/2021
