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2433 Clay Creek Lane Fort Worth, TX 76177

3 Beds 2 Baths 1,858 sqft Built 2018

$300,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $161.46
  • 3 Days on Market
  • MLS # : 14522078
  • Updated Date : 02/27/2021 at 08:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Thirtyfive 20 Realty, Llc

Listing Agent's Description

Amazing Property!!! Fantastic layout of a 3 bedroom 2 bath home with an additional room to use as office, weight room, or whatever flex space you need! Large kitchen with plenty of counter space and open to living and dining room! Loads of natural light from all the windows and skylight! Upgraded ceramic tile in all public spaces; upgraded back splash and counter tops! Large Master suite with lots of light and big master bathroom! Separate shower and deep soaking tub!! Come see this one fast!!!! Renter lease ends March 31. Showings start Saturday Feb 27!!

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: Oak Creek Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Oak Creek Trails

NeighborhoodNIR 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
W.r. Hatfield Elementary School Primary Regular 411 30 6
Gene Pike Middle School Middle Regular 743 53 7
Northwest High School High Regular 2,793 170 6

W.r. Hatfield Elementary School

  • Education Level: Primary
  • # of students: 411
  • # of teachers: 30
6
GreatSchools Rating

Gene Pike Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 53
7
GreatSchools Rating

Northwest High School

  • Education Level: High
  • # of students: 2,793
  • # of teachers: 170
6
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,042
Property Tax -$625
Property Insurance -$135
HOA -$38
Property Management Fees -$99
CASH FLOW
-$8

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.

$300,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

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

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,956

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8993$1,9304$1,9455$2,150
$2,150
RENT COMPS ANALYSIS
  • 2433 Clay Creek Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.04
    •  
  • 2412 Indian Head Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2019
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.06
    •  
  • 15720 Prairie Grass Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2018
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.06
    •  
  • 15729 Bent Rose Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2013
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.02
    •  
  • 2340 Boot Jack Road Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 2017
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jeff Miller
Thirtyfive 20 Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522078
Last Updated: 02/27/2021
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