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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $152.84
- 4 Days on Market
- MLS # : 14484145
- Updated Date : 12/19/2020 at 07:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,635 sqft
- Baths : 2 full
Listing Agent
Realty One D.f.w.
Listing Agent's Description
Don't miss this charming home in the highly acclaimed Keller ISD. Soaring ceilings in living area, cozy kitchen with island. Casual dining overlooks covered patio. Split bedrooms. Barn door in master to master bath. Recent luxury vinyl plank flooring in all areas of home. Nice sized yard. OWNER PREFERS CLOSING MID JAN. THEY PLAN ON BEING VACATED ON JAN. 14. Rear covered patio. Wonderful shopping within minutes. Owner has survey. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. PLEASE VERIFY SF, SCHOOLS ETC.
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: Trace Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trace Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$573 | |
| Property Insurance | -$122 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$157
|
||
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.
$249,900
PROJECTED PRICE
$1,590
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.2% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
1.58
YEARS SAVED
$2,957
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,590
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
8868 Trace Ridge Parkway Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,590
- $0.97
-
8708 Eaglestone Way Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2000
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.97
-
4933 Diamond Trace Trail Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2005
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,595
- $0.95
-
4813 Jodi Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2003
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
8832 Stirrup Way Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2003
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,700
- $0.94
PROPERTY LISTING DETAILS
Realty One D.f.w.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14484145
Last Updated: 12/19/2020
