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10032 Tule Lake Road Fort Worth, TX 76177

4 Beds 3 Baths 2,805 sqft Built 2017

$379,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $135.44
  • 6 Days on Market
  • MLS # : 14529745
  • Updated Date : 03/11/2021 at 15:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,805 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Real Estate Group

Listing Agent's Description

This is a gorgeous 2017 4 bedroom 2 and a half bath DR Horton resell that sits in a prime location! Open the doors and be greeted with a staircase and a foyer! Kitchen has a gas stove and is adorned with grey cabinets, subway tile and stainless steel appliances The main floor is host to the primary bedroom with all others elevated on the second floor! Come entertain here house has media room and large backyard! This home is waiting on you!

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

Zip Code: 76177

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76177

ZipNIR 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
Sunset Valley Elementary School Primary Unknown NA
Timbercreek High School High Regular 2,957 160 8
Sunset Valley Elementary School Primary Regular NA

Sunset Valley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Sunset Valley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,320
Property Tax -$871
Property Insurance -$189
HOA -$34
Property Management Fees -$99
CASH FLOW
-$153

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.

$379,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,198

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,574

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3603$2,6504$2,6955$2,700
$2,700
RENT COMPS ANALYSIS
  • 10032 Tule Lake Road Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.84
    •  
  • 2124 Stoney Gorge Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2009
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 9909 Tule Lake Road Fort Worth, TX 3
    • 4 beds 4 baths ∙ 2,903 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,903 Sqft ∙ Built 2017
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.91
    •  
  • 9824 Bodega Bay Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2017
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.96
    •  
  • 9800 Bodega Bay Road Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2016
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Sarah Palmer Aviles
The Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529745
Last Updated: 03/11/2021
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