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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $161.72
- 2 Days on Market
- MLS # : 14481346
- Updated Date : 12/05/2020 at 11:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,787 sqft
- Baths : 2 full
Listing Agent
Turner Fortune Real Estate Llc
Listing Agent's Description
Charming Home with bright and open floorplan, a wonderful kitchen with stainless appliances, island counter and breakfast bar open to large living area with a cozy fireplace. Home features a split bedroom arrangement, a large master with ensuite bath, his and hers vanities, a separate shower and soaker tub and a great built in closet system. The incredible backyard oasis with gorgeous pool and cabana provides an awesome area to relax and entertain outdoors. Roof is only 3 years old, HVAC is only 5 years old. Great location to Dallas and Fort Worth area. This is a must see......
SEE MORE
- 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: River Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: River Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$663 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$198
|
||
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.
$289,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.5% |
| 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
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
1.5
YEARS SAVED
$2,970
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,783
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
8812 Saranac Trail Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,760
- $0.98
-
9033 San Joaquin Trail Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1995
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,655
- $0.98
-
2717 Salado Trail Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1986
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,750
- $1.01
-
8725 Creede Trail Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 1998
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,850
- $0.94
-
9008 River Trails Boulevard Fort Worth, TX 5
- 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2001
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,995
- $1.06
PROPERTY LISTING DETAILS
Turner Fortune Real Estate Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481346
Last Updated: 12/05/2020
