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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $106.15
- 5 Days on Market
- MLS # : 14471804
- Updated Date : 11/18/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,003 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
Immaculately maintained 4 Bedroom, 3.1 Bath Home. Beautiful Kitchen with stainless steel appliances and granite counter tops overlooks stunning 2 story Family room. Large Master bedroom downstairs with beautiful, large master bath. 3 Bedrooms upstairs along with media room and large Game room with it's own study area. All new wood laminate and carpet was installed several years ago. Every detail has been thoughtfully paid attention to and this Beautiful Home is move in ready.
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 | $2,750 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$974 | |
| Property Insurance | -$258 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$183
|
||
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.
$424,900
PROJECTED PRICE
$2,750
PROJECTED RENT
0.65%
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
$118,349
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
2.25
YEARS SAVED
$8,481
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,750
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$3,142
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
9621 Delmonico Drive Fort Worth, TX 1
- 4 beds 4 baths ∙ 4,003 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,003 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,750
- $0.69
-
9541 Sinclair Street Fort Worth, TX 2
- 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013
LEASED 07/30/20- Rent
- Rent Per SQFT
- $2,800
- $0.76
-
9505 Cholla Cactus Trail Fort Worth, TX 3
- 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2007
LEASED 03/28/20- Rent
- Rent Per SQFT
- $2,895
- $0.77
-
4000 Vernon Way Fort Worth, TX 4
- 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005
LEASED 04/25/20- Rent
- Rent Per SQFT
- $3,000
- $0.77
-
4821 Eddleman Drive Fort Worth, TX 5
- 4 beds 4 baths ∙ 3,787 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,787 Sqft ∙ Built 2009
LEASED 09/11/20- Rent
- Rent Per SQFT
- $3,195
- $0.84
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471804
Last Updated: 11/18/2020
