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209 Mossy Oak Trail Fort Worth, TX 76131

3 Beds 2 Baths 1,870 sqft Built 2012

$295,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $157.75
  • 3 Days on Market
  • MLS # : 14470786
  • Updated Date : 11/13/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,870 sqft
  • Baths : 2 full
Listing Agent

Skye Tx Realty Group

Listing Agent's Description

Open floor plan & lots of upgrades! Be the first to rent this gorgeous home. Large study off entry with hardwoods, 18 inch tile throughout main areas and hallways, hardwood floors in master bedroom and closet, custom shelving in closet for tons of storage, carpet in secondary bedrooms. Kitchen offers granite countertops, stainless steel appliances, spacious island and custom cabinets. Stone fireplace with shelving in living. Upper cabinets in utility. Huge covered porches at front and rear. Radiant barrier, 15 seer AC, Low E energy star rated windows, and Energy Star appliances. Community pool, playground & walking trails.

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: Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k286k

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

Neighborhood: Creekwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191858

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,088
Property Tax -$676
Property Insurance -$135
HOA -$42
Property Management Fees -$99
CASH FLOW
-$471

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$295,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$7

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,716

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,7753$1,7754$1,8505$1,865
$1,865
RENT COMPS ANALYSIS
  • 209 Mossy Oak Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.84
    •  
  • 304 Darlington Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2011
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
  • 320 Darlington Trail Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 2011
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
  • 8001 Ash Meadow Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2012
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 609 Catalpa Road Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2004
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.92
    •  
PROPERTY LISTING DETAILS
Cary Mcpherson
Skye Tx Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470786
Last Updated: 11/13/2020
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