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10809 Hornby Street Fort Worth, TX 76108

4 Beds 2 Baths 1,772 sqft Built 1992

$213,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $120.20
  • 4 Days on Market
  • MLS # : 14474255
  • Updated Date : 11/19/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,772 sqft
  • Baths : 2 full
Listing Agent

Aesthetic Realty, Llc

Listing Agent's Description

Charming four bedroom, two bathroom home with so many great features. Lots of windows with vaulted ceilings and can lights, makes this home full of natural light. Cozy up with the wood burning fireplace and enjoy entertaining with stainless appliances and eat-in kitchen with bay window. Large master opens to covered patio, perfect for relaxing. Lots of closets and lots of space.

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: Chapel Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $100k243k

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

Neighborhood: Chapel Creek Ranch

NeighborhoodNIR 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
Blue Haze Elementary School Primary Regular 844 48 7
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

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 Middle School

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

$191,700$234,300$213,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$786
Property Tax -$488
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
$157

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.

$213,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.9%
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$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$62,195

INVESTMENT

$62,195

Down Payment
$53,250
Rehab Estimate
$5,750
Closing Costs
$3,195

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$786

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,250
Loan Amount $159,750
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$26,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,635

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,6504$1,6605$1,700
$1,700
RENT COMPS ANALYSIS
  • 10809 Hornby Street Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.94
    •  
  • 712 Deauville Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 2009
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.96
    •  
  • 10917 Ives Street Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 1992
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 10505 Maria Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1994
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 10501 Bing Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,794 Sqft ∙ Built 1992
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
Taylor Blanchard
Aesthetic Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474255
Last Updated: 11/19/2020
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