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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $149.43
- 3 Days on Market
- MLS # : 14509910
- Updated Date : 02/06/2021 at 13:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,673 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
GREAT home in highly sought after NW ISD with quick access to highways, shopping and dining! Solid surface flooring thru main living areas with new carpet in the bedrooms. Fresh paint throughout. Large kitchen with plenty of cabinets and granite counters await the chef of the family. HUGE pantry-laundry with custom shelving to help keep everything organized. Secondary bedroom currently being used as an office with custom dual desk, shelves and large window seat! Walk in closets in every room. Large backyard with covered porch and tree lined fence for privacy all around! Buyer and Buyer agent to verify all information. MULTIPLE OFFERS RECEIVED. Highest and best due by Sunday, 2-7 at 5PM.
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: Reata Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reata Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$573 | |
| Property Insurance | -$124 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$25
|
||
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.
$250,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 16.4% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
3.67
YEARS SAVED
$8,657
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,656
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
9212 San Tejas Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,660
- $0.99
-
2152 Laughlin Road Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
2129 Franks Street Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2006
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,600
- $1.00
-
2120 Biggs Street Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2007
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,645
- $1.01
-
9608 Manassas Road Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2007
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509910
Last Updated: 02/06/2021
