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10112 Burtrum Drive Fort Worth, TX 76177

3 Beds 2 Baths 2,089 sqft Built 2017

$320,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $153.18
  • 3 Days on Market
  • MLS # : 14517823
  • Updated Date : 02/12/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,089 sqft
  • Baths : 2 full
Listing Agent

Fieldhouse Realty Group Llc

Listing Agent's Description

First home built in Hawthorne Meadows! 2018 brick home with DR Horton's upgraded D package! 3 bedrooms plus flex room great for home office, storage, or kid's toy room. This home boasts an open floor plan with updates galore. Wood floors, italian backsplash, stained wood cabinets and under cabinet lighting are surround the island in the kitchen. A nook was built in to utilize every square foot of space in this home and another place for your kids to do homework. Recessed lighting in living and kitchen along with big windows to allow more natural light. Ceiling fans in ALL rooms! Oil rubbed bronze fixtures and door handles for an elegant feel. 10 year warranties on foundation, water heater, and ac. Come buy!

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

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
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 Unknown NA

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:
  • # of teachers:
NA
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,111
Property Tax -$734
Property Insurance -$148
HOA -$40
Property Management Fees -$99
CASH FLOW
-$191

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.

$320,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,764

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,974

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,765
1$1,7652$1,9403$1,9504$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 10112 Burtrum Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.93
    •  
  • 10105 Red Bluff Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2005
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.87
    •  
  • 10313 Burtrum Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 10004 Saltbrush Street Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,014 Sqft ∙ Built 2018
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 1404 Ocotillo Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 2010
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
PROPERTY LISTING DETAILS
Stephan Cooper
Fieldhouse Realty Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517823
Last Updated: 02/12/2021
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