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

1900 Gill Star Drive Fort Worth, TX 76052

4 Beds 2 Baths 1,659 sqft Built 2021

$266,515

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $160.65
  • 58 Days on Market
  • MLS # : 14469402
  • Updated Date : 11/19/2020 at 15:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,659 sqft
  • Baths : 2 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

SELLING NOW!~EXCITING NORTHSTAR MASTER PLANNED COMMUNITY in NORTH FORT WORTH & NORTHWEST ISD!!~BUILT BY D.R. HORTON-AMERICAS BUILDER~Open concept single story 4-2-2 Carlsbad Floorplan~(Elevation D)~Spacious Living,Dining & Kitchen with Seating Island,Granite Countertops,tiled back splash,SS Appliances,gas Range & walk-in Pantry*Primary Bedroom with dual sink Vanity,separate over sized walk-in Shower & big W-I Closet with built-ins*Gray Mist Design Pkg*Covered back Patio,Home is Connected Smart Home Technology,6 ft fenced backyard,Landscape Pkg,Sprinkler System,Pest defense system & more!*Residents will enjoy Amenity Center with Game Rooms & Event Space,Splash Pad,multiple Pools,Playgrounds & Soccer Field & more

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Far North Fort Worth

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Far North Fort Worth

ZipNIR 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
Haslet Elementary School Primary Regular 406 28 9
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Haslet Elementary School

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 28
9
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
 

$239,864$293,167$266,515

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$926
Property Tax -$423
Property Insurance -$123
HOA -$83
Property Management Fees -$99
CASH FLOW
$6

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$266,515

PROJECTED PRICE

$1,660

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$72,626

INVESTMENT

$72,626

Down Payment
$66,629
Rehab Estimate
$2,000
Closing Costs
$3,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$926

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,629
Loan Amount $199,886
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,609

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6603$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1900 Gill Star Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,659 Sqft ∙ Built 2021 4 beds 2 baths ∙ 1,659 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.00
    •  
  • 1308 Ropers Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.96
    •  
  • 14105 Rodeo Daze Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2006
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 1353 Zanna Grace Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 2011
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 1448 Dun Horse Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 2010
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Carol Holloway Stoneham
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469402
Last Updated: 11/19/2020
BESbswy