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2041 Sun Star Drive Fort Worth, TX 76052

4 Beds 3 Baths 2,655 sqft Built 2021

$320,575

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $120.74
  • 8 Days on Market
  • MLS # : 14471738
  • Updated Date : 11/19/2020 at 15:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,655 sqft
  • Baths : 3 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

SELLING NOW!~STUNNING NEW 2 STORY 4-3-2 D.R. HORTON HOME in the MASTER PLANNED COMMUNITY of NORTHSTAR in NORTH FORT WORTH & NORTHWEST ISD!~Popular Sierra Floorplan~(Elevation C)~Estimated Spring 2021 completion~Spacious open Living,Dining & Kitchen with Seating Island,Granite CT,tiled back splash,SS Appl & W-I Pantry*Primary Bedroom with over sized shower,dual sink Vanity & big W-I Closet with built-ins*Gray Mist Design Pkg*Home is Connected Smart Home Technology*Covered back Patio,6 ft fenced backyard,Landscape Pkg,Sprinkler System*16 SEER HVAC,gas tankless water heater & Pest defense system*Residents will enjoy Amenity Center with Game Rooms & Event Space,Splash Pad,Pools,Playgrounds & Soccer Field & more!

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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: 76052

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76052

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
 

$288,518$352,633$320,575

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,183
Property Tax -$767
Property Insurance -$181
HOA -$83
Property Management Fees -$99
CASH FLOW
$28

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.

$320,575

PROJECTED PRICE

$2,340

PROJECTED RENT

0.73%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,952

INVESTMENT

$86,952

Down Payment
$80,144
Rehab Estimate
$2,000
Closing Costs
$4,809

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,183

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,144
Loan Amount $240,431
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$17,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,343

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,3404$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 2041 Sun Star Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.88
    •  
  • 14320 Snaffle Bit Trail Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,419 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,419 Sqft ∙ Built 2009
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 14468 Cloudview Way Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 2019
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 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
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 #: 14471738
Last Updated: 11/19/2020
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