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10024 Huey Trail Fort Worth, TX 76053

4 Beds 3 Baths 2,604 sqft Built 2006

$337,833

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $129.74
  • 4 Days on Market
  • MLS # : 14477612
  • Updated Date : 11/27/2020 at 10:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,604 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nu Realty Plus

MARKET HIGHLIGHTS

  • 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: Mosier Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: Mosier Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9852171

* 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
Bellaire Elementary School Primary Regular 738 43 5
Hurst Junior High School Middle Regular 1,052 60 7
Hurst Junior High School High Regular 1,052 60 7

Bellaire Elementary School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 43
5
GreatSchools Rating

Hurst Junior High School

  • Education Level: Middle
  • # of students: 1,052
  • # of teachers: 60
7
GreatSchools Rating

Hurst Junior High School

  • Education Level: High
  • # of students: 1,052
  • # of teachers: 60
7
GreatSchools Rating
 

$304,050$371,616$337,833

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,246
Property Tax -$689
Property Insurance -$178
HOA -$8
Property Management Fees -$99
CASH FLOW
-$60

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.

$337,833

PROJECTED PRICE

$2,160

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 0.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,276

INVESTMENT

$95,276

Down Payment
$84,458
Rehab Estimate
$5,750
Closing Costs
$5,067

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,246

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,458
Loan Amount $253,375
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,125
1$2,1252$2,1603$2,1954$2,3955$2,450
$2,450
RENT COMPS ANALYSIS
  • 10024 Huey Trail Hurst, TX 2
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.83
    •  
  • 10308 Devin Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2003
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.82
    •  
  • 9312 Shoveler Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2010
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 9437 Merganser Drive Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,483 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,483 Sqft ∙ Built 2012
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.96
    •  
  • 9365 Shoveler Trail Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,775 Sqft ∙ Built 2011
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Reginald Cole
Nu Realty Plus
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477612
Last Updated: 11/27/2020
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