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3237 Sadie Trail Fort Worth, TX 76137

4 Beds 3 Baths 2,602 sqft Built 2010

$289,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $111.07
  • 5 Days on Market
  • MLS # : 14465365
  • Updated Date : 11/04/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,602 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Property Shop

Listing Agent's Description

Beautiful 4 bedroom & 2.5 bath home in an established friendly neighborhood in Keller ISD. Private backyard retreat exquisitely landscaped, custom dog run and large covered back patio featuring fireplace and cabinets for two TV's, perfect for entertaining or relaxing! Large kitchen with island and coffee bar overlooking the family room. Huge master suite with large walk in closet, oversized utility room with cabinets, formal dining and half bath downstairs. 3 large bedrooms, full bath, game room and separate room perfect for storage or craft room upstairs. New carpet installed through out! 2 car garage with built in cabinets. Perfect place to call home!

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: Fossil Park

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Fossil Park

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
Basswood Elementary School Primary Regular 512 41 6
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Basswood Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 41
6
GreatSchools Rating

Fossil Hill Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 66
6
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,066
Property Tax -$663
Property Insurance -$178
HOA -$17
Property Management Fees -$99
CASH FLOW
-$162

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.

$289,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.2%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,046

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,036

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8603$1,8704$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 3237 Sadie Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.71
    •  
  • 6705 Cambrian Way Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,314 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,314 Sqft ∙ Built 1999
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 6652 Friendsway Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2007
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.74
    •  
  • 3228 Sadie Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2011
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 3745 Redwood Creek Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2009
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
PROPERTY LISTING DETAILS
Crissy Robinson
The Property Shop
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465365
Last Updated: 11/04/2020
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