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12837 Hurricane Lane Fort Worth, TX 76244

3 Beds 2 Baths 1,524 sqft Built 2005

$259,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $169.95
  • 4 Days on Market
  • MLS # : 14470104
  • Updated Date : 11/12/2020 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,524 sqft
  • Baths : 2 full
Listing Agent

Your Home Realty

Listing Agent's Description

Well maintained DR Horton home with lake views. Seller has installed gutters, upgraded laminate floors in living, all bedrooms and master closet. Open floor plan that invites entertaining and easily transitions to the large backyard with covered patio. Spend hours feeding the ducks or fishing in the catch and release lake or just steps from your front door enjoy the pool and basketball court. Highly rated Northwest ISD and award winning Granger elementary. Easy access to major highways to downtown Ft Worth or DFW airport.

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: McPherson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: McPherson Ranch

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

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
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$956
Property Tax -$594
Property Insurance -$115
HOA -$34
Property Management Fees -$99
CASH FLOW
-$248

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.

$259,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.6%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6754$1,6855$1,695
$1,695
RENT COMPS ANALYSIS
  • 12837 Hurricane Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 3728 Cook Court Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2005
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 3708 Vista Greens Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2005
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.02
    •  
  • 13209 Evergreen Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2007
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $1.02
    •  
  • 12909 Farmington Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2005
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.01
    •  
PROPERTY LISTING DETAILS
David Brock
Your Home Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470104
Last Updated: 11/12/2020
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