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2509 Clay Creek Lane Fort Worth, TX 76177

4 Beds 2 Baths 1,790 sqft Built 2018

$275,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $153.63
  • 3 Days on Market
  • MLS # : 14480607
  • Updated Date : 12/05/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,790 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

MULTIPLE OFFERS--PLEASE SUBMIT HIGHEST & BEST BY 8 PM SAT, DEC 5. Beautiful DR Horton built home in Northwest ISD is move-in ready and located just minutes from I-35W, Hwy 114, Texas Motor Speedway and the Tanger Outlet Mall, with a low 2.39 tax rate! You will find yourself at home with the welcoming open concept floorplan, featuring gorgeous wood-look tile floors in living areas, granite countertops, breakfast island, SS appliances, cozy gas log fireplace and fresh paint throughout. Relax in the spacious owner’s suite with garden tub, separate shower, dual sinks and large walk-in closet. Enjoy the benefits of the smart security features, 16 SEER AC, radiant heat barrier and sprinkler system.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,015
Property Tax -$573
Property Insurance -$131
HOA -$38
Property Management Fees -$99
CASH FLOW
-$55

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.

$275,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.65%

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$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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,862

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8003$1,8904$1,8995$1,950
$1,950
RENT COMPS ANALYSIS
  • 2509 Clay Creek Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 15949 Blaketree Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2010
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 2412 Indian Head Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2019
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.06
    •  
  • 15720 Prairie Grass Lane Fort Worth, TX 4
    • 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
    •  
  • 2433 Clay Creek Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2018
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
PROPERTY LISTING DETAILS
Julie Armstrong
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480607
Last Updated: 12/05/2020
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