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10217 Pack Saddle Court Fort Worth, TX 76108

3 Beds 2 Baths 1,160 sqft Built 1984

$190,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $163.79
  • 2 Days on Market
  • MLS # : 14536841
  • Updated Date : 03/20/2021 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,160 sqft
  • Baths : 2 full
Listing Agent

Dfw Real Estate Group

Listing Agent's Description

Charming West Point home ready for new owner! Spacious living room flows seamlessly into the dining room and kitchen, making entertainment an ease. Front patio and spacious, covered back patio lends itself to additional entertaining space or just hanging out with family and friends. Owners retreat provides plenty of space for relaxation after a hard day. Need room for storage? This home comes with a very large shed in the backyard that is perfect for storing everything from lawn equipment to your tools and more. Located close to Lockheed Martin, FTW JRSB, entertainment, shopping and highways!

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: Legacy West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $83k243k

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

Neighborhood: Legacy West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8921734

* 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
North Elementary School Primary Regular 840 44 6
Brewer Middle School Middle Regular 986 55 6
Brewer High School High Regular 1,730 104 4

North Elementary School

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 44
6
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
 

$171,000$209,000$190,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$660
Property Tax -$436
Property Insurance -$94
Property Management Fees -$99
CASH FLOW
-$69

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.

$190,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,100

INVESTMENT

$56,100

Down Payment
$47,500
Rehab Estimate
$5,750
Closing Costs
$2,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,500
Loan Amount $142,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$3,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,230

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,3253$1,4004$1,4505$1,475
$1,475
RENT COMPS ANALYSIS
  • 10217 Pack Saddle Court Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $1.05
    •  
  • 10009 Leatherwood Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,323 Sqft ∙ Built 1986
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.00
    •  
  • 10702 Tall Oak Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1983
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.05
    •  
  • 109 Prospector Court Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,328 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,328 Sqft ∙ Built 1983
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 10148 Indian Mound Road Fort Worth, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Nathan Bennett
Dfw Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536841
Last Updated: 03/20/2021
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