Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10028 Voss Avenue Fort Worth, TX 76244

4 Beds 2 Baths 2,142 sqft Built 2005

$296,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $138.61
  • 3 Days on Market
  • MLS # : 14477688
  • Updated Date : 11/28/2020 at 16:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,142 sqft
  • Baths : 2 full
Listing Agent

Realty International Llc

Listing Agent's Description

Great family home in Keller ISD. Many updates in recent years, including flooring (carpet, tile, wood-like tiles) thru-out, paint, appliances and fixtures. Home features 2 living-2 dining areas, an extra large kitchen with upgraded cabinetry, granite counter tops, a breakfast bar and walk-in pantry. Split bedrooms. Master bedroom is large and master bath has double sinks and separate tub and shower.

SEE MORE

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: Wilshire Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Wilshire Valley

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
Parkwood Hill Intermediate School Primary Regular 1,070 57 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Parkwood Hill Intermediate School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 57
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating
 

$267,210$326,590$296,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,095
Property Tax -$681
Property Insurance -$151
HOA -$28
Property Management Fees -$99
CASH FLOW
-$274

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.

$296,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,429

INVESTMENT

$84,429

Down Payment
$74,225
Rehab Estimate
$5,750
Closing Costs
$4,454

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,095

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,225
Loan Amount $222,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,890

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,8503$1,8954$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 10028 Voss Avenue Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.83
    •  
  • 9941 Voss Avenue Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2004
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 5024 Escambia Terrace Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 2007
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 5200 Archer Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,206 Sqft ∙ Built 2005
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 5136 Escambia Terrace Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,231 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,231 Sqft ∙ Built 2005
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Gary Wang
Realty International Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477688
Last Updated: 11/28/2020
BESbswy