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3208 Silent Creek Trail Fort Worth, TX 76053

4 Beds 2 Baths 1,897 sqft Built 2000

$276,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $145.97
  • 2 Days on Market
  • MLS # : 14467214
  • Updated Date : 11/07/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,897 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Wonderful 4 bedroom 2 bath home in Lakes of River Trails. Home backs up to greenbelt so it's nice and peaceful. Kitchen is updated with granite countertops and painted cabinets. Lots of storage in the kitchen. Large living area with wood burning fireplace. One end of living could be used as a dining area. Split bedrooms. Nice master with large master bath. Enjoy the jogging trails, playground and private lake. Convenient to Hwys, shopping and entertainment

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: Lakes of River Trails North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: Lakes of River Trails North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9852171

* 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
Hurst Hills Elementary School Primary Regular 521 34 8
Hurst Hills Elementary School Middle Regular 521 34 8
Hurst Junior High School High Regular 1,052 60 7

Hurst Hills Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 34
8
GreatSchools Rating

Hurst Hills Elementary School

  • Education Level: Middle
  • # of students: 521
  • # of teachers: 34
8
GreatSchools Rating

Hurst Junior High School

  • Education Level: High
  • # of students: 1,052
  • # of teachers: 60
7
GreatSchools Rating
 

$249,210$304,590$276,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,022
Property Tax -$635
Property Insurance -$137
HOA -$25
Property Management Fees -$99
CASH FLOW
-$207

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.

$276,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.1%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,129

INVESTMENT

$79,129

Down Payment
$69,225
Rehab Estimate
$5,750
Closing Costs
$4,154

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,022

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,225
Loan Amount $207,675
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7453$1,8504$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 3208 Silent Creek Trail Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.90
    •  
  • 8621 Mystic Trail Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1986
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.96
    •  
  • 8600 Pedernales Trail Fort Worth, TX 3
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1987
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 8836 Tigris Trail Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 1992
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.93
    •  
  • 8324 Winter Falls Trail Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2005
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Deidra Cockerham
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467214
Last Updated: 11/07/2020
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