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10105 Buffalo Grove Road Fort Worth, TX 76108

3 Beds 2 Baths 1,426 sqft Built 1980

$200,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $140.25
  • 2 Days on Market
  • MLS # : 14517865
  • Updated Date : 02/13/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,426 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Great starter home to make your own in an established neighborhood. Would also make a great rental investment property. Large living area with brick wood burning fireplace, vaulted ceiling and wood laminate floor. Kitchen features newer black range with granite countertops. Small study or office just off the entryway. The primary bedroom is large with newer carpet, private bath and walk in closet. Utility room has built in cabinets. Backyard is good sized with open patio and large barn storage building. Great location close to shopping an dining with easy access to major highways. Home is being SOLD AS IS. Transferable Warranty on Termite Treatment. Buyer and Buyers Agent to verify measurements and schools

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: Westpoint

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Westpoint

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9161734

* 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
Blue Haze Elementary School Primary Regular 844 48 7
Brewer Middle School Middle Regular 986 55 6
Brewer High School High Regular 1,730 104 4

Blue Haze Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 48
7
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer High School

  • Education Level: High
  • # of students: 1,730
  • # of teachers: 104
4
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$695
Property Tax -$458
Property Insurance -$110
Property Management Fees -$99
CASH FLOW
$128

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.

$200,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$18,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,497

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4754$1,4905$1,550
$1,550
RENT COMPS ANALYSIS
  • 10105 Buffalo Grove Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.04
    •  
  • 10016 Bugle Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1986
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 109 Prospector Court Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,328 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,328 Sqft ∙ Built 1983
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 10148 Indian Mound Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1986
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.10
    •  
  • 10125 Bugle Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1981
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
PROPERTY LISTING DETAILS
Michael Mashburn
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517865
Last Updated: 02/13/2021
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