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3309 Tori Trail Fort Worth, TX 76244

4 Beds 3 Baths 2,848 sqft Built 2008

$370,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $129.92
  • 3 Days on Market
  • MLS # : 14496481
  • Updated Date : 01/09/2021 at 06:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,848 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful 2 Story Is Located Within The Quiet Saratoga Neighborhoood~Open Floor Plan Features Majestic Ceilings As You Enter The Living Space & Architecturally Beautiful Windows That Reveal Tons Of Natural Light~Downstairs Master Suite Is At The Back Of The Living Space Which Affords Privacy & Features An Ensuite Spacious Bathroom~Multiple Living Spaces For An Active Family Include The Downstairs Living, Upstairs Game Room Plus Small Study Nook Upstairs That's Perfect For Working From Home~Neighborhood Features A Community Pool, Walking Trails & A Gorgeous Pond~Award Winning Northwest ISD Schools Include Kay Granger Elementary~John M Tidwell Middle School~Byron Nelson High School~Ready For Immediate Move In

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$333,000$407,000$370,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,285
Property Tax -$848
Property Insurance -$192
HOA -$46
Property Management Fees -$99
CASH FLOW
-$150

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.

$370,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.63%

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-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,321

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3204$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 3309 Tori Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.81
    •  
  • 12321 Dogwood Springs Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,684 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,684 Sqft ∙ Built 2009
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 12480 Leaflet Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2006
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 3312 Lone Brave Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,912 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,912 Sqft ∙ Built 2009
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 3224 Outlook Court Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,855 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,855 Sqft ∙ Built 2007
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.87
    •  
PROPERTY LISTING DETAILS
Christina Harmon
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496481
Last Updated: 01/09/2021
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