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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $105.99
- 2 Days on Market
- MLS # : 14483798
- Updated Date : 12/12/2020 at 22:53
CONSTRUCTION
- Beds : 3
- Floor Size : 2,255 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
This 3 bed, 2.5 bath two-story home is in the heart of the growing north Fort Worth, Saginaw area. Master bedroom is upstairs with the two other bedrooms. Large family room upstairs with enough space to watch a game and play games. Downstairs you will find a living room with a fireplace. You are minutes away from your shopping needs, great schools, many recreational opportunities. This area of north Fort Worth is attracting new businesses and more jobs. Eagle Mountain-Saginaw school district is highly ranked and this home feeds into great schools. You are less than 15 minutes from Eagle Mountain Lake, Eagle Mountain Park, Fort Worth Nature Center, Lake Worth, and Willow Creek Park.
SEE MORE
- . 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: Boswell Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Boswell Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$882 |
| Property Tax | -$548 | |
| Property Insurance | -$158 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$7
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$239,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| 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
$69,085
LOAN DETAILS
$882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,750 |
| Loan Amount | $179,250 |
4.5
YEARS SAVED
$12,641
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,708
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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- $1,695
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LEASED 05/07/20- Rent
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- $1,695
- $0.75
-
8613 Hawkview Drive Fort Worth, TX 4
- 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2006
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,725
- $0.74
-
8672 Hawkview Drive Fort Worth, TX 5
- 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2008
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,750
- $0.77
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483798
Last Updated: 12/12/2020
