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11712 Wax Myrtle Trail Fort Worth, TX 76108

3 Beds 2 Baths 1,951 sqft Built 2018

$279,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $143.46
  • 6 Days on Market
  • MLS # : 14472257
  • Updated Date : 11/17/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,951 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Acr

Listing Agent's Description

This beautiful, traditional home is spacious and ready for your family. You can be in by Christmas! 3 bedrooms and 2 bathrooms, an office, and a living and a dining spaces. Kitchen is large and open. Covered patio ready for your family occasions. Home is in coveted Live Oak Creek and community includes a resort-style pool, kids splash park, soccer field, playground, ponds & scenic trails. Don't delay! Priced right and lovely!

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

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76108

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
North Elementary School Primary Regular 840 44 6
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

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 Middle School

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

$251,910$307,890$279,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,033
Property Tax -$746
Property Insurance -$140
HOA -$125
Property Management Fees -$99
CASH FLOW
-$372

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$18

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,7504$1,7705$1,920
$1,920
RENT COMPS ANALYSIS
  • 11712 Wax Myrtle Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.91
    •  
  • 552 Crystal Springs Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2009
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 10908 S Deauville Circle Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1998
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 305 Balcones Drive Fort Worth, TX 3
    • 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
    •  
  • 204 Flower Ridge Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2020
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.93
    •  
PROPERTY LISTING DETAILS
Kathy Dierker
Berkshire Hathawayhs Acr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472257
Last Updated: 11/17/2020
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