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6651 Gascony Place 
Fort Worth, TX
76132
4 Beds 4 Baths 3,100 sqft
Built 2005
INVESTimate
$485,000
List Price
$134,275
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $156.45
- 1 Days on Market
- MLS # : 14419987
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,100 sqft
- Baths : 4 full
Listing Agent
Marie Pigg Real Estate
Listing Agent's Description
Beautiful custom home in the highly-desired gated community of Trinity Heights situated at the end of a quiet cul-de-sac. Features include hand-scraped hardwood floors, plantation shutters, custom wall treatments, chef-ready kitchen with 6-burner cooktop, walk-in pantry, double oven, butler's pantry and abundant cabinet space. Four bedrooms with four full baths offer spacious accommodations. All downstairs bedrooms feature walk-in closets. Upstairs bedroom could also be used as a game room or home theater. Garage boasts very sturdy built-in shelves and workbench. Private community park, greenbelt. Great location close to shopping, Chisolm Trail Parkway, hospitals and Trinity Valley School.
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: 76132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76132
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,100 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$1,332 | |
| Property Insurance | -$206 | |
| HOA | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$419
|
||
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.
$485,000
PROJECTED PRICE
$3,100
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.59% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$134,275
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
0.67
YEARS SAVED
$1,526
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,100
LIST RENT -
$1
LIST RENT PER SQFT
-
$3,085
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
6651 Gascony Place Fort Worth, TX 4
- 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $3,100
- $1.00
-
7120 Axis Court Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2000
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,800
- $1.00
-
7345 Brightwater Road Fort Worth, TX 2
- 3 beds 4 baths ∙ 2,800 Sqft ∙ Built 2008 3 beds 4 baths ∙ 2,800 Sqft ∙ Built 2008
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,899
- $1.04
-
7301 Valencia Grove Court Fort Worth, TX 3
- 4 beds 4 baths ∙ 3,295 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,295 Sqft ∙ Built 2010
LEASED 01/03/20- Rent
- Rent Per SQFT
- $3,000
- $0.91
-
6309 Dawn Hills Drive Fort Worth, TX 5
- 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2003
LEASED 06/20/19- Rent
- Rent Per SQFT
- $3,200
- $1.03
PROPERTY LISTING DETAILS
Marie Pigg Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419987
Last Updated: 08/26/2020
