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11337 Live Oak Creek Drive Fort Worth, TX 76108

4 Beds 2 Baths 2,062 sqft Built 2017

INVESTimate

$270,000

List Price

$1,750

$1,575 - $1,925

Rent Est.

$293,436  ( +8.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $130.94
  • 8 Days on Market
  • MLS # : 14416295
  • Updated Date : 08/19/2020 at 17:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,062 sqft
  • Baths : 2 full
Listing Agent

Williams Trew Real Estate

Listing Agent's Description

Remarkable opportunity to own this meticulous kept 3 year old home in the most convenient location tucked away in west Fort Worth. This charming 4 bedroom 2 bathroom open concept home features a split floor plan with a huge mud room and laundry room. Secondary bedrooms include over sized closets and ample space. Massive kitchen island with room for the entire family to sit at the extended bar with beautiful granite counter tops. Ample cabinet space, elbow room for cooking and gas range. Tremendous master bedroom with large walk in closet, soaking tub and dual vanities. Over sized yard with covered back porch and deck.

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: Silver Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k284k

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

Neighborhood: Silver Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9191932

* 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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$996
Property Tax -$619
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
-$110

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.

$270,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,8004$1,8905$1,895
$1,895
RENT COMPS ANALYSIS
  • 11337 Live Oak Creek Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 305 Balcones Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 2017
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 11321 Denet Creek Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,213 Sqft ∙ Built 2016
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 257 Flower Ridge Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,188 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,188 Sqft ∙ Built 2016
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.86
    •  
  • 224 Flower Ridge Drive Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 2016
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
PROPERTY LISTING DETAILS
Rebekah Dugger
Williams Trew Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416295
Last Updated: 08/19/2020
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