Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11833 Tuscarora Drive Fort Worth, TX 76108

3 Beds 2 Baths 2,029 sqft Built 2018

$275,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $135.53
  • 5 Days on Market
  • MLS # : 14500115
  • Updated Date : 01/22/2021 at 16:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,029 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

MULTIPLE OFFERS. Gorgeous 3 bed Impression Home with wonderful neighborhood amenities! Large office with French doors could flex as a possible 4th bedroom option. Gourmet kitchen features SS appliances, recessed lighting, gas burner cook top, large island, pantry, glass-tile back splash & crisp white cabinets paired with dark granite countertops! Family room boasts wood floors & charming FP customized with a rustic wood mantle & shiplap accents that creates a striking focal point yet beautifully complements the space! Owner's retreat with bay window & private ensuite with walk-in shower, garden tub, WIC! Covered patio & plenty of yard space perfect for entertaining family & friends!

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$955
Property Tax -$733
Property Insurance -$144
HOA -$58
Property Management Fees -$99
CASH FLOW
$10

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.

$275,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.73%

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$200k$400k$600k$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,103

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$1,9953$2,0004$2,295
$2,295
RENT COMPS ANALYSIS
  • 11833 Tuscarora Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,029 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,029 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 204 Flower Ridge Drive Fort Worth, TX 1
    • 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
    •  
  • 11729 Pistachio Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 2020
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
  • 11713 Pistachio Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 2020
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.11
    •  
PROPERTY LISTING DETAILS
Robin Glaysher
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500115
Last Updated: 01/22/2021
BESbswy