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2129 Biggs Street Fort Worth, TX 76177

3 Beds 3 Baths 3,008 sqft Built 2006

$280,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $93.09
  • 4 Days on Market
  • MLS # : 14506892
  • Updated Date : 01/30/2021 at 20:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,008 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Multiple offers received. Offers due Jan 31st by noon. MOVE IN READY in the highly sought out Presidio Village. Located in Northwest ISD. This home offers open spaces with loads of updates. Upon entering, a formal living or dining is to the right. A cozier living area adjacent to the breakfast space and kitchen offer plenty of space to entertain. The kitchen boasts an abundance of cabinets, granite counter-tops a large pantry & island. Located upstairs are 3 large bedrooms, complimented by a large over sized game room. The master bedroom has a large walk in closet. The bathroom offers a large garden tub, separate sinks and shower. Custom Cabinets in garage. Close to shopping, the home checks all the boxes!

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

Zip Code: 76177

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76177

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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$973
Property Tax -$642
Property Insurance -$201
HOA -$21
Property Management Fees -$99
CASH FLOW
$304

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.

$280,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$37,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,594

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,2753$2,6504$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 2129 Biggs Street Fort Worth, TX 1
    • 3 beds 3 baths ∙ 3,008 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,008 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.74
    •  
  • 9244 Los Cabos Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 2009
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.75
    •  
  • 9425 Chuparosa Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.85
    •  
  • 9909 Tule Lake Road Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,903 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,903 Sqft ∙ Built 2017
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.91
    •  
  • 9800 Bodega Bay Road Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2016
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Laura White
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506892
Last Updated: 01/30/2021
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