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10021 Warberry Trail Fort Worth, TX 76131

4 Beds 3 Baths 3,286 sqft Built 2017

$470,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $143.03
  • 2 Days on Market
  • MLS # : 14467848
  • Updated Date : 11/13/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,286 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Northwest ISD. Ashton Woods home built in October 2017 has over $100k in builder and post build upgrades. Some upgrades include custom double stacked kitchen cabinets, upgraded granite, pot filler, double oven, master bedroom extension, media room, arched openings, 8ft doors on 1st floor and extended patio Upstairs includes a game room with a built in wet bar and media room. Home includes a structured wiring upgrade package and comes with expandable home automation Control4: includes 2 universal remotes that currently controls media room, dining hall lights, and living room media. Extended bricked patio with TV and speaker hookups and gas bib. Upgrade list is available. 1 Yr Home Warranty Included.

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: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

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
Sonny And Allegra Nance Elementary School Primary Regular 456 30 5
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Sonny And Allegra Nance Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 30
5
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,734
Property Tax -$1,077
Property Insurance -$217
HOA -$55
Property Management Fees -$99
CASH FLOW
-$813

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.

$470,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$14

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,366

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,2004$2,3705$2,650
$2,650
RENT COMPS ANALYSIS
  • 10021 Warberry Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,286 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,286 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.72
    •  
  • 10300 Pyrite Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2006
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.70
    •  
  • 9213 Conestoga Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2006
    property image
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 412 Crown Oaks Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2012
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 1320 Sand Verbena Way Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2011
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Terri Mckinley
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467848
Last Updated: 11/13/2020
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