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1232 Barbed Wire Way Fort Worth, TX 76052

4 Beds 3 Baths 2,782 sqft Built 2005

$389,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $140.15
  • 4 Days on Market
  • MLS # : 14480576
  • Updated Date : 12/03/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,782 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Spectacular home on almost a half acre corner lot offers plenty of room for play and entertainment! This gorgeous one story home with 3 car garage features a convenient flex space that makes a great game room, study, exercise, or 2nd living. Cooks enjoy the granite counter tops, cooktop, pantry, abundant storage and open views to the breakfast and living room. Escape to the master retreat complete with sitting area, garden tub, dual sinks and large walk-in closet. Step outside and relax on the extended covered patio overlooking the HUGE fenced backyard. A must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Sendera Ranch Elementary School Primary Regular 599 37 8
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Sendera Ranch Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 37
8
GreatSchools Rating

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,439
Property Tax -$894
Property Insurance -$188
HOA -$46
Property Management Fees -$99
CASH FLOW
-$215

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.

$389,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,483

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4503$2,4754$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 1232 Barbed Wire Way Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 1820 Lavin Plaza Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,509 Sqft ∙ Built 2019
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 812 Skytop Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 2,827 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,827 Sqft ∙ Built 2018
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.88
    •  
  • 14004 Saddlesoap Court Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2011
    property image
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
  • 1140 Bridle Latch Drive Fort Worth, TX 5
    • 5 beds 4 baths ∙ 3,005 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,005 Sqft ∙ Built 2006
    property image
    LEASED 06/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.90
    •  
PROPERTY LISTING DETAILS
Richie Rowland
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480576
Last Updated: 12/03/2020
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