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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $158.73
- 2 Days on Market
- MLS # : 14488078
- Updated Date : 12/19/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,575 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
Minutes away from major shopping at the Northeast Mall, within a block away from the community pond and jogging trails. Large walk-in pantry, hard wood flooring in common areas, skylight window in kitchen, separate shower in master bath, wood burning fireplace, entire electrical panel and breakers replaced 2019. Great central located tucked away in a quiet community what more could you ask for.
SEE MORE
- # 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: Lakes of River Trails North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakes of River Trails North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$573 | |
| Property Insurance | -$118 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$2
|
||
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.
$250,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.1% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
4.5
YEARS SAVED
$13,156
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,733
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
8537 Trinity Vista Trail Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,740
- $1.10
-
8741 Trinity Vista Trail Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 2000
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,645
- $1.02
-
8305 Bowspirit Lane Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2003
LEASED 08/30/20- Rent
- Rent Per SQFT
- $1,725
- $1.14
-
8429 Bowspirit Lane Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2003
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,750
- $1.10
-
8564 Lake Springs Trail Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 2006
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,795
- $1.14
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488078
Last Updated: 12/19/2020
