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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $112.68
- 5 Days on Market
- MLS # : 14514872
- Updated Date : 02/12/2021 at 08:31
CONSTRUCTION
- Beds : 4
- Floor Size : 3,327 sqft
- Baths : 3 full , 1 half
Listing Agent
Personal Acquisition Mgmt.
Listing Agent's Description
Gorgeous 4 bed 3.5 bath in the highly sought after Heritage Add neighborhood. Master and office down with 3 bedrooms up. Large living area upstairs as well as dedicated media room that is already set up and equipped! Projector, screen and cinema seats ready for your viewing pleasure. Gas stove top, granite counters in the kitchen. Outside pergola with 2 overhead fans. Good sized yard and corner lot. HOA member ship includes 10 acre pool complex, clubhouse, tennis courts and miles of jogging trails. Multiple offers received, highest and best by noon on 14 FEB.
SEE MORE
- . 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)
- 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)
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 | $2,510 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$859 | |
| Property Insurance | -$219 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$3
|
||
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
$2,510
PROJECTED RENT
0.67%
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 |
4.08
YEARS SAVED
$14,567
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,728
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
9237 General Worth Drive Fort Worth, TX 2
- 4 beds 4 baths ∙ 3,327 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,327 Sqft ∙ Built 2004
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- Rent
- Rent Per SQFT
- $2,510
- $0.75
-
9733 Lacey Lane Fort Worth, TX 1
- 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2004
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LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,500
- $0.75
-
9521 Bewley Court Fort Worth, TX 3
- 4 beds 4 baths ∙ 3,165 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,165 Sqft ∙ Built 2012
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $2,600
- $0.82
-
4105 Duncan Way Fort Worth, TX 4
- 5 beds 5 baths ∙ 3,153 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,153 Sqft ∙ Built 2005
![property image]()
LEASED 10/27/20- Rent
- Rent Per SQFT
- $2,695
- $0.85
-
9620 Barksdale Drive Fort Worth, TX 5
- 4 beds 4 baths ∙ 3,378 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,378 Sqft ∙ Built 2006
![property image]()
LEASED 01/09/21- Rent
- Rent Per SQFT
- $2,900
- $0.86
PROPERTY LISTING DETAILS
Personal Acquisition Mgmt.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514872
Last Updated: 02/12/2021
