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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $144.92
- 2 Days on Market
- MLS # : 14504246
- Updated Date : 01/22/2021 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,587 sqft
- Baths : 3 full
Listing Agent
Josh Deshong Real Estate, Llc
Listing Agent's Description
Come and get it! Immaculate home, located in the ever popular, Heritage subdivision. Terrific location, packed with features and amenities any homeowner will appreciate. Keller ISD schools. One of the few homes in the neighborhood with a pool. The outdoor space is stunning, but step inside and you'll begin to feel right at home. Such a great layout. Beautiful upgrades shine throughout the home, which makes it truly Move in Ready. Hardwoods in the main living areas, brand new carpet in the bedrooms, upgraded pool equipment, impressive landscaping, newer HVAC units, and so much more we can't wait for you to see! Schedule your showing today!
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: Heritage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heritage
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$859 | |
| Property Insurance | -$177 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$129
|
||
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.
$374,900
PROJECTED PRICE
$2,340
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| 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
$105,099
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
2.42
YEARS SAVED
$7,243
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,141
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
9128 Brinson Drive Fort Worth, TX 5
- 3 beds 3 baths ∙ 2,587 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,587 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,340
- $0.90
-
9000 Foxwood Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 2,427 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,427 Sqft ∙ Built 2003
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,895
- $0.78
-
9729 Stripling Drive Fort Worth, TX 2
- 3 beds 3 baths ∙ 2,467 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,467 Sqft ∙ Built 2006
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,995
- $0.81
-
9700 Hathman Lane Fort Worth, TX 3
- 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 2003
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,195
- $0.88
-
3821 Tidball Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2002
LEASED 04/21/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
PROPERTY LISTING DETAILS
Josh Deshong Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504246
Last Updated: 01/22/2021
