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333 Chalkstone Drive Fort Worth, TX 76131

4 Beds 3 Baths 3,054 sqft Built 2007

INVESTimate

$279,990

List Price

$2,000

$1,800 - $2,200

Rent Est.

$304,545  ( +8.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $91.68
  • 7 Days on Market
  • MLS # : 14416948
  • Updated Date : 08/23/2020 at 09:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,054 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

This BEAUTIFUL home is located in Northwest ISD and very close to Alliance Town Center! Need lots of space? This home has it! Hangout in the large living-room downstairs or huge game room upstairs. Kitchen has lots of cabinet space and a huge island!! Spacious utility room big enough for a freezer!! Enjoy the covered patio in the backyard with no neighbors behind you!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Trails of Fossil Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Trails of Fossil Creek

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
Sonny And Allegra Nance Elementary School Primary Regular 456 30 5
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Sonny And Allegra Nance Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 30
5
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$251,991$307,989$279,990

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,033
Property Tax -$642
Property Insurance -$204
HOA -$19
Property Management Fees -$99
CASH FLOW
$3

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.

$279,990

PROJECTED PRICE

$2,000

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.77%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,947

INVESTMENT

$79,947

Down Payment
$69,998
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,998
Loan Amount $209,993
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,060

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,069

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,935
1$1,9352$1,9503$2,0004$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 333 Chalkstone Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.65
    •  
  • 10805 Middleglen Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2004
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.67
    •  
  • 10401 Hideaway Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 2005
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
  • 10300 Pyrite Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2006
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.70
    •  
  • 412 Crown Oaks Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2012
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
PROPERTY LISTING DETAILS
Josiah Carter
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 #: 14416948
Last Updated: 08/23/2020
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