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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $148.50
- 1 Days on Market
- MLS # : 14485664
- Updated Date : 12/12/2020 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,771 sqft
- Baths : 2 full
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
NEW CONSTRUCTION IN THE D.R. HORTON MASTER PLANNED COMMUNITY IN WATERSBEND LOCATED IN NORTH FORT WORTH*The Oxford Floorplan-1 Story 4-2-2-(Elev B)-Est March Completion*Open concept Living,Dining & Large Chef's Kitchen with Granite counter tops,Seating Island & W-I Pantry*Private Primary Bedroom at the rear of the home with dual sink vanity & walk-in Closet*Ceramic Tiled Entry,Hallways,Living & Wet areas,Home is Connected Smart Home Technology*Covered back Patio,Sprinkler System,Landscape Pkg,& more!*Residents enjoy a 4.5 ACRE Amenity Center with Pool,Splash Area, Playground, Softball & Soccer Field!*Easy access to I-35W,287 & I-820*Minutes to Shopping & Dining
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
Zip Code: 76131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76131
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$970 |
| Property Tax | -$638 | |
| Property Insurance | -$130 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$57
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$262,990
PROJECTED PRICE
$1,810
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 3.00% |
| 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
$71,692
LOAN DETAILS
$970
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,748 |
| Loan Amount | $197,243 |
3.33
YEARS SAVED
$8,963
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,758
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
9337 Doverglen Drive Fort Worth, TX 4
- 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,810
- $1.02
-
369 Magma Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2014
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
529 Foxcraft Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2014
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
-
517 Braewick Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2014
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,750
- $1.03
-
9300 Flying Eagle Lane Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019
LEASED 11/10/20- Rent
- Rent Per SQFT
- $1,850
- $1.01
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485664
Last Updated: 12/12/2020
