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10309 Morada Road Fort Worth, TX 76126

4 Beds 4 Baths 3,212 sqft Built 2018

$468,900

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $145.98
  • 7 Days on Market
  • MLS # : 14485877
  • Updated Date : 12/19/2020 at 17:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,212 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Beautiful 4 bedrooms, 3 1.5 baths, 3 car garage, 2 living areas, office, and a media room. Open concept home that is move in ready. Split bedrooms with one bedroom upstairs and a full bath. Two other bedrooms on the main floor with a guest bath. The master bedroom on the main floor is large enough for a sitting area. Beautiful master bathroom, separate garden tub and shower, and a large walk in closet. Covered patio and a large fenced back yard, The sun rises and sets side to side of the house, which keeps the house cooler. In addition, the house is Energy Star 3.1 compliant, reducing those energy bills. Close to schools, shopping, and recreation. Easy highway access, just minutes to the town of Benbrook.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k476k

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

Zip Code: 76126

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
Westpark Elementary School Primary Regular 484 25 8
Benbrook Middle School Middle Regular 911 59 5
Western Hills High School High Regular 1,236 94 3

Westpark Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 25
8
GreatSchools Rating

Benbrook Middle School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Western Hills High School

  • Education Level: High
  • # of students: 1,236
  • # of teachers: 94
3
GreatSchools Rating
 

$422,010$515,790$468,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,730
Property Tax -$1,075
Property Insurance -$213
HOA -$70
Property Management Fees -$99
CASH FLOW
-$867

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.

$468,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$130,009

INVESTMENT

$130,009

Down Payment
$117,225
Rehab Estimate
$5,750
Closing Costs
$7,034

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,225
Loan Amount $351,675
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$28

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,987

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,320
1$2,3202$2,7503$2,8504$3,200
$3,200
RENT COMPS ANALYSIS
  • 10309 Morada Road Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.72
    •  
  • 5220 Katy Rose Court Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,957 Sqft ∙ Built 2012
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.93
    •  
  • 5148 Concho Valley Trail Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2013
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.92
    •  
  • 10223 Trail Ridge Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,404 Sqft ∙ Built 2018
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.94
    •  
PROPERTY LISTING DETAILS
Benita Gavrel-rowell
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485877
Last Updated: 12/19/2020
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