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10845 Irish Glen Trail Fort Worth, TX 76052

3 Beds 2 Baths 1,602 sqft Built 2009

$250,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $156.05
  • 3 Days on Market
  • MLS # : 14536140
  • Updated Date : 03/19/2021 at 13:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,602 sqft
  • Baths : 2 full
Listing Agent

North Star Properties

Listing Agent's Description

Immaculate! Move in Ready home in Northwest ISD ! Kitchen includes tiled backsplash, gorgeous 42 inch stained wood cabinets and island breakfast bar. NO CARPET HERE!! Newly installed Laminate thru out, tile in wet areas and entry, 2 inch wood faux mini blinds thru out. Beautiful upgraded stone and insulated garage door at front of home, with fully sprinklered yard. Backyard is ready for gardener, children's playset, pets or simply relaxing under covered patio . Master bedroom is huge and master bath includes deep soaking tub & separate shower. This community includes a greenbelt, clubhouse, trails, a pool, park & 2 playgrounds. Make this your 1st showing, it won't last long!

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: Dorado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $102k281k

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

Neighborhood: Dorado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000Rent in $11262022

* 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
Carl E. Schluter Elementary School Primary Regular 524 33 7
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Carl E. Schluter Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 33
7
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
 

$225,000$275,000$250,000

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 -$868
Property Tax -$573
Property Insurance -$120
HOA -$25
Property Management Fees -$99
CASH FLOW
-$25

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.

$250,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.3%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,652

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
  • $1.04

    LIST RENT PER SQFT
  • $1,658

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6603$1,7004$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 10845 Irish Glen Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.04
    •  
  • 717 Mistymoor Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2004
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 613 Irish Glen Court Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2010
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 604 Irish Glen Court Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,621 Sqft ∙ Built 2008
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.06
    •  
  • 10861 Calderwood Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2009
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Kathleen Astran
North Star Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536140
Last Updated: 03/19/2021
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