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933 Stone Chapel Way Fort Worth, TX 76179

3 Beds 2 Baths 1,559 sqft Built 2006

$215,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $137.91
  • 3 Days on Market
  • MLS # : 14507869
  • Updated Date : 01/29/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,559 sqft
  • Baths : 2 full
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. Beautiful single-story turnkey home on a spacious interior lot with well-maintained landscaping, a covered porch, and a two-car garage. The family room with hardwoods and a fireplace is open to the kitchen and dining area. The kitchen has updated lighting, ample cabinet space, and backsplash. Spacious master with a walk-in closet and a full bath with a garden tub and granite countertop. Guest bedrooms are a generous size. The private yard features a patio. Cleaned and disinfected on a regular basis. Ready to call home.

SEE MORE

MARKET HIGHLIGHTS

  • . 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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Remington Point Elementary School Primary Regular 637 37 5
Ed Willkie Middle School Middle Regular 862 53 5
Chisholm Trail High School High Unknown NA

Remington Point Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 37
5
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating

Chisholm Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$747
Property Tax -$493
Property Insurance -$117
HOA -$30
Property Management Fees -$99
CASH FLOW
$4

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.

$215,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,007

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,490

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5503$1,5504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 933 Stone Chapel Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.96
    •  
  • 729 Tuscany Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2005
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 5804 Show Master Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2004
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 5813 Arena Circle Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2004
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 924 Rose Crystal Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2004
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
Quen Williams
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507869
Last Updated: 01/29/2021
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