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2309 Halladay Trail Fort Worth, TX 76108

3 Beds 2 Baths 1,544 sqft Built 2007

$239,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $155.38
  • 4 Days on Market
  • MLS # : 14514268
  • Updated Date : 02/12/2021 at 21:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,544 sqft
  • Baths : 2 full
Listing Agent

All City Real Estate, Ltd Co

Listing Agent's Description

**MULTIPLE OFFERS RECEIVED BEST AND FINAL BY SAT FEB 13TH AT 8PM** Well Maintained 3 BR 2BA Brick Home In An Established & Growing Area Of White Settlement. Home Has Been Freshly Painted And Is Ready For Move In. Master Bedroom With Attached Bathroom And Large Walk In Closet. Lots Of Natural Light Shining In On This Gem. Large Backyard With Upgraded Retaining Walls For Proper Drainage. Kitchen Has Opening to Living and Built In Breakfast Bar With Plenty Of Cabinet and Countertop Space.

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: Chapel Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $101k243k

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

Neighborhood: Chapel Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Waverly Park Elementary School Primary Regular 810 47 6
Leonard Middle School Middle Regular 741 50 3
Western Hills High School High Regular 1,236 94 3

Waverly Park Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 47
6
GreatSchools Rating

Leonard Middle School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 50
3
GreatSchools Rating

Western Hills High School

  • Education Level: High
  • # of students: 1,236
  • # of teachers: 94
3
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$833
Property Tax -$550
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
-$39

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.

$239,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,5604$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 2309 Halladay Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.01
    •  
  • 10409 Pleasant Mound Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1996
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.06
    •  
  • 2521 Nogales Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2001
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 2808 Wakecrest Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2005
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.06
    •  
  • 10509 Dry Valley Court Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2004
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.16
    •  
PROPERTY LISTING DETAILS
Nathan Bowers
All City Real Estate, Ltd Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514268
Last Updated: 02/12/2021
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