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12136 Worthwood Street Fort Worth, TX 76036

4 Beds 3 Baths 2,818 sqft Built 2013

$268,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $95.10
  • 2 Days on Market
  • MLS # : 14471263
  • Updated Date : 11/13/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,818 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Magnificent and spacious 4 bedroom, 3 bathroom brick and stone home. Stunning kitchen equipped with granite ctops, ss appliances & large island with breakfast bar. The open-concept living room offers natural lighting with a wall of windows. The oversized master bedroom opens to an en-suite complete with dual sinks, jetted tub, and separate tiled shower. Two additional bedrooms are downstairs. Enjoy the large game room, 4th bedroom, and a full bathroom upstairs. The backyard features a nice covered back patio and wooden privacy fence. ***Middle school is not Crowley any longer is now Richard J Allie Middle School on McCart Ave.

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: Edgewood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k259k

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

Neighborhood: Edgewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451818

* 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
Sidney H. Poynter Elementary School Primary Regular 532 32 3
H.f. Stevens Middle School Middle Regular 912 59 3
Crowley High School High Regular 2,033 150 4

Sidney H. Poynter Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 32
3
GreatSchools Rating

H.f. Stevens Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 59
3
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$989
Property Tax -$614
Property Insurance -$190
HOA -$15
Property Management Fees -$99
CASH FLOW
-$47

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.

$268,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.5%
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

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$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,860

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7253$1,7954$1,8605$1,945
$1,945
RENT COMPS ANALYSIS
  • 12136 Worthwood Street Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.66
    •  
  • 12108 Worthwood Street Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,520 Sqft ∙ Built 2006
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 312 Heritage Drive Crowley, TX 2
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2004
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.62
    •  
  • 301 Centennial Place Crowley, TX 3
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2002
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.62
    •  
  • 12009 Rustling Oaks Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,681 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,681 Sqft ∙ Built 2016
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.73
    •  
PROPERTY LISTING DETAILS
Shelley Green
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471263
Last Updated: 11/13/2020
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