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10109 Fox Hill Drive Fort Worth, TX 76131

4 Beds 3 Baths 2,796 sqft Built 2009

$269,999

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $96.57
  • 3 Days on Market
  • MLS # : 14477544
  • Updated Date : 11/27/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,796 sqft
  • Baths : 2 full , 1 half
Listing Agent

Refind Realty Inc.

Listing Agent's Description

Two-story 4 bedroom 2.5 bath home in WatersBend Community with highly-rated Northwest ISD schools just blocks away. The home's great floorplan offers formal dining just off the entry with the kitchen and breakfast nook flowing into the living room with laminate floors. The kitchen boasts new tile flooring, granite countertops, subway tile backsplash, plus new stainless appliances. The gameroom and media rooms are perfect for family fun with movie nights. Enjoy relaxing backyard with nice brand new fence. WatersBend's common area is just steps away with an incredible pool, children's swim area with an assortment of fun luxury waterpark style features, a spacious clubhouse, and a community room. Don't miss it!

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: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Sonny And Allegra Nance Elementary School Primary Regular 456 30 5
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Sonny And Allegra Nance Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 30
5
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

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

$242,999$296,999$269,999

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$996
Property Tax -$619
Property Insurance -$189
HOA -$30
Property Management Fees -$99
CASH FLOW
$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$269,999

PROJECTED PRICE

$2,000

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,499
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,006

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0003$2,0004$2,0955$2,195
$2,195
RENT COMPS ANALYSIS
  • 10109 Fox Hill Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 10444 Turning Leaf Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.63
    •  
  • 360 Emerald Creek Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 2,740 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,740 Sqft ∙ Built 2017
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 10300 Pyrite Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2006
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.70
    •  
  • 421 Braewick Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 2006
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
PROPERTY LISTING DETAILS
Michael Chatman
Refind Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477544
Last Updated: 11/27/2020
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