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11828 Wolfcreek Lane Fort Worth, TX 76244

3 Beds 3 Baths 2,782 sqft Built 2008

$420,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $150.97
  • 3 Days on Market
  • MLS # : 14507586
  • Updated Date : 01/30/2021 at 22:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,782 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

BEAUTIFUL 3 bedroom 2 and a half bath home! Home features GORGEOUS hand scraped wood floors, granite countertops, NEW carpet in secondary bedrooms, HUGE laundry room, Oversized garage with insulated heating and cooling, two living areas, and formal dining. Kitchen has island, gas cooktop, eat in breakfast bar, and overlooks main living area. The Master suite has plenty of space with bay windows, separate tub and shower, double vanities, granite, walk in closet, and is split from secondary bedrooms. All bedrooms down with a second living space up. IMPRESSIVE backyard OASIS with pool, featuring a waterfall. Roof less than a year old. Seller has multiple offers and will be accepting offers until Mon Feb 1st 5PM.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Kay Granger Elementary School Primary Regular 900 55 9
John M. Tidwell Middle School Middle Regular 1,048 65 8
Timbercreek High School High Unknown NA

Kay Granger Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 55
9
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,459
Property Tax -$963
Property Insurance -$188
HOA -$46
Property Management Fees -$99
CASH FLOW
-$534

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.

$420,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$37

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,274

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2203$2,3004$2,3755$2,400
$2,400
RENT COMPS ANALYSIS
  • 11828 Wolfcreek Lane Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,782 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,782 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.80
    •  
  • 12321 Dogwood Springs Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,684 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,684 Sqft ∙ Built 2009
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 12480 Leaflet Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2006
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 2601 Twinflower Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2008
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.88
    •  
  • 3312 Lone Brave Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,912 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,912 Sqft ∙ Built 2009
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Tony Green
Compass Re Texas, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507586
Last Updated: 01/30/2021
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