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10028 Bull Run Fort Worth, TX 76177

3 Beds 2 Baths 1,895 sqft Built 2005

INVESTimate

$250,000

List Price

$1,790

$1,611 - $1,969

Rent Est.

$267,525  ( +7.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $131.93
  • 6 Days on Market
  • MLS # : 14416736
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,895 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

Move in ready 3 bedroom 2 bath home with office in award winning Northwest ISD! Home features BRAND NEW carpet, FRESH paint throughout, granite countertops, and stainless steel appliances. Master suite has double vanities, separate tub and shower, and is split from secondary bedrooms. Corner lot and great curb appeal! Close to shopping, dining, and entertainment. Easy access to major highways. A must see today, before it’s too late!

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

Neighborhood: Tehama Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Tehama Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$922
Property Tax -$573
Property Insurance -$137
HOA -$31
Property Management Fees -$99
CASH FLOW
$28

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.

$250,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$15,035

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,786

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6953$1,7494$1,7905$1,795
$1,795
RENT COMPS ANALYSIS
  • 10028 Bull Run Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.94
    •  
  • 2121 Carlotta Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2006
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.91
    •  
  • 10112 Bull Run Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2007
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 9745 Gallatin Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2005
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.92
    •  
  • 9817 Gallatin Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Tony Green
Compass Re Texas, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416736
Last Updated: 08/22/2020
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