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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $139.73
- 2 Days on Market
- MLS # : 14473730
- Updated Date : 11/21/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,147 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautiful Single Story located in the highly desirable Heritage Subdivision will go live on 11-22. Gorgeous, newly renovated Master Bath will take your breath away! Large open living area includes Living Room with fireplace, Breakfast Room and an oversized Chef's Kitchen. Private Office with French Doors is perfect for working at home. Tons of natural light grace the entire interior of the home. The beautifully landscaped backyard boasts an oversized covered patio, with plenty of seating space to enjoy the great outdoors. Heritage is an active community that features basketball courts, pools, clubhouse, walking trails and more! All information is believed to be accurate, but not guaranteed.
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 | $2,080 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$688 | |
| Property Insurance | -$151 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$2
|
||
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.
$299,999
PROJECTED PRICE
$2,080
PROJECTED RENT
0.69%
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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
4.42
YEARS SAVED
$15,463
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,093
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
9344 Moncrief Street Fort Worth, TX 3
- 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,080
- $0.97
-
9317 Granger Lane Fort Worth, TX 1
- 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 2004
LEASED 12/20/19- Rent
- Rent Per SQFT
- $2,050
- $0.97
-
9321 Granger Lane Fort Worth, TX 2
- 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2004
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,050
- $0.98
-
4828 Van Zandt Drive Fort Worth, TX 4
- 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2003
LEASED 06/14/20- Rent
- Rent Per SQFT
- $2,095
- $0.95
-
8933 Haas Drive Fort Worth, TX 5
- 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 2009
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,155
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473730
Last Updated: 11/21/2020
