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3201 Gidran Drive Fort Worth, TX 76244

4 Beds 3 Baths 3,585 sqft Built 2007

$419,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $116.88
  • 1 Days on Market
  • MLS # : 14482216
  • Updated Date : 12/12/2020 at 22:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,585 sqft
  • Baths : 2 full , 1 half
Listing Agent

Turner Fortune Real Estate Llc

Listing Agent's Description

Charming traditional home, with lots of room for a family to enjoy. This four bedroom home offers spacious living, kitchen overlooks family room, second floor allows entertaining or enjoying a movie in the media room. Beautiful kitchen with lots of storage, free standing island, stainless steel appliances, bay window and much more. Decorative lighting throughout. Master suite features a garden tub, separate sinks, walk in closet. Lets retreat outside to enjoy coffee or wine sitting under a beautiful cedar pergola, features pattern concrete, and stunning masonry work. A fabulous find in Saratoga of Fort Worth, community amenities for family living. Close to shopping, eateries, great schools, and so much more!

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: Saratoga

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Saratoga

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9192403

* 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
Kay Granger Elementary School Primary Regular 900 55 9
John M. Tidwell Middle School Middle Regular 1,048 65 8

Kay Granger Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 55
9
GreatSchools Rating

John M. Tidwell Middle School

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

$377,100$460,900$419,000

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 -$1,546
Property Tax -$961
Property Insurance -$234
HOA -$45
Property Management Fees -$99
CASH FLOW
-$485

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.

$419,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.57%

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) 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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$272

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
  • $0.67

    LIST RENT PER SQFT
  • $2,447

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2253$2,3354$2,4005$2,795
$2,795
RENT COMPS ANALYSIS
  • 3201 Gidran Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,585 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,585 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.67
    •  
  • 2909 Hollow Valley Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,242 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,242 Sqft ∙ Built 2005
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.62
    •  
  • 2300 Sundown Mesa Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,268 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,268 Sqft ∙ Built 2017
    property image
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.68
    •  
  • 4201 Broken Bend Boulevard Fort Worth, TX 3
    • 5 beds 3 baths ∙ 3,336 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,336 Sqft ∙ Built 2002
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,335
    • $0.70
    •  
  • 11229 Kenny Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,850 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,850 Sqft ∙ Built 2010
    property image
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jennifer Harrison
Turner Fortune Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482216
Last Updated: 12/12/2020
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