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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $129.01
- 4 Days on Market
- MLS # : 14473969
- Updated Date : 11/19/2020 at 09:37
CONSTRUCTION
- Beds : 4
- Floor Size : 1,744 sqft
- Baths : 2 full
Listing Agent
The Morine Group, Realtors
Listing Agent's Description
SHOWINGS START ON SATURDAY 11-21-20. Beautiful D.R. Horton home in Creekside Estates. This property has been well cared for and it shows! Great layout with 4 spacious bedrooms, nice size living area, large master walk-in closet, granite kitchen countertops, walk-in pantry, spacious backyard with a covered patio and covered front poarch entryway. Don't miss out on this gem, you will not be disappointed. It's your chance to own a new home just in time for the holidays! CISD is currently redistricting. School attendance zones may change. All information is deemed accurate but not guaranteed. Buyer and agent to verify all information. Masks are to be worn at all times and follow CDC guidelines.
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
Neighborhood: Creekside Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekside Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$516 | |
| Property Insurance | -$128 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$35
|
||
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.
$225,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.4% |
| 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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
5.25
YEARS SAVED
$14,549
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,604
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
8820 Cold Harbor Street Fort Worth, TX 5
- 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,620
- $0.93
-
3105 Stonewall Lane Fort Worth, TX 1
- 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1997
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,495
- $0.92
-
9145 Abaco Way Fort Worth, TX 2
- 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,545
- $0.91
-
9120 Abaco Way Fort Worth, TX 3
- 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2016
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,565
- $0.92
-
9148 Abaco Way Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 2016
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,565
- $0.93
PROPERTY LISTING DETAILS
The Morine Group, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473969
Last Updated: 11/19/2020
