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2209 Rue Court Fort Worth, TX 76008

3 Beds 3 Baths 2,002 sqft Built 2020

$398,712

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $199.16
  • 3 Days on Market
  • MLS # : 14518105
  • Updated Date : 02/12/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,002 sqft
  • Baths : 2 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

NEW DAVID WEEKLEY HOME! Enjoy the elegant rooms and remarkable design features that set The Kingspark apart as a uniquely sophisticated new home plan. The open concept living space promotes cherished memories of entertaining family and friends. The open kitchen space supports your culinary adventures and includes a family breakfast island. Enjoy family movies or that special sporting event in the spacious retreat area. Each spare bedroom offers a delightful place for personal growth. Located on premium home site across from a park area with short walk to Lake Park! Ask about our DIAMOND level Environments For Living energy guarantee!

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: 76008

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $104k380k

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

Zip Code: 76008

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192738

* 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
Mcanally Intermediate School Primary Regular 785 43 7
Aledo Middle School Middle Regular 804 47 9
Aledo High School High Regular 1,193 72 7

Mcanally Intermediate School

  • Education Level: Primary
  • # of students: 785
  • # of teachers: 43
7
GreatSchools Rating

Aledo Middle School

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 47
9
GreatSchools Rating

Aledo High School

  • Education Level: High
  • # of students: 1,193
  • # of teachers: 72
7
GreatSchools Rating
 

$358,841$438,583$398,712

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,385
Property Tax -$893
Property Insurance -$143
HOA -$189
Property Management Fees -$99
CASH FLOW
-$309

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.

$398,712

PROJECTED PRICE

$2,400

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$107,659

INVESTMENT

$107,659

Down Payment
$99,678
Rehab Estimate
$2,000
Closing Costs
$5,981

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,385

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,678
Loan Amount $299,034
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,421

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 2209 Rue Court Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.20
    •  
  • 14932 Gentry Drive Aledo, TX 2
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2017
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
  • 14929 Blakely Way Aledo, TX 3
    • 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 2018
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.22
    •  
  • 14925 Belclaire Avenue Aledo, TX 4
    • 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,317 Sqft ∙ Built 2018
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.12
    •  
  • 1825 Oak Trail Drive Aledo, TX 5
    • 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 2018
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.26
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518105
Last Updated: 02/12/2021
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