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3509 Cripple Creek Trail Fort Worth, TX 76262

3 Beds 2 Baths 1,739 sqft Built 2001

$224,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $129.33
  • 2 Days on Market
  • MLS # : 14528053
  • Updated Date : 03/06/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,739 sqft
  • Baths : 2 full
Listing Agent

Alliance Properties

Listing Agent's Description

Great Single Story 3 bedroom home in the HIGHLY sought after NISD! Easy access to highways, shopping and dining makes this home a must see. Open concept kitchen, living and dining area. The spacious master suite has dual sinks, and LARGE walk-in closet. The kitchen has a large pantry and plenty of countertop space. Kitchen, utility and all wet areas are tile. The front bonus room can be used as a study, home office, second living or flex space.

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: Lost Spurs

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k350k

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

Neighborhood: Lost Spurs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9712579

* 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
J. Lyndal Hughes Elementary School Primary Regular 547 35 5
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Unknown NA

J. Lyndal Hughes Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
5
GreatSchools Rating

John M. Tidwell Middle School

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

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$781
Property Tax -$516
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$147

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.

$224,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 12.3%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$21,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5553$1,6704$1,6755$1,725
$1,725
RENT COMPS ANALYSIS
  • 3509 Cripple Creek Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.96
    •  
  • 3405 Westfork Ranch Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 2002
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 3609 Silverado Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,555
    • $0.93
    •  
  • 3441 Desert Mesa Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2002
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
  • 3625 Cripple Creek Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 2000
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.93
    •  
PROPERTY LISTING DETAILS
Melinda Wray
Alliance Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528053
Last Updated: 03/06/2021
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