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3845 German Pointer Way Fort Worth, TX 76123

3 Beds 2 Baths 1,893 sqft Built 2004

$205,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $108.29
  • 5 Days on Market
  • MLS # : 14486867
  • Updated Date : 12/17/2020 at 11:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,893 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

**Multiple Offers: Best and Final Due by 12-21-20 @ 10 am** This Impeccably Kept 1-Story, 3 Bedroom, 2 Bath Home is a Must See! Open Concept Floor Plan with 2 Living, 2 Dining and Engineered Hardwood Floors Throughout. Kitchen with Ample Cabinet and Counter Space, Built-In Microwave, Black Appliances and Walk-In Pantry. Family Room Features Brick Wood Burning Fireplace, Oversized Master Suite with Lavish Bath, Dual Sinks, Separate Shower and Good Sized Spare Bedrooms. Home is Located Close to Schools, Shopping and Easy Access to the Chisholm Trial Parkway. Come See This One Before it is Gone!

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: Poynter Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Poynter Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9091734

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
North Crowley High School High Regular 2,442 148 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$756
Property Tax -$470
Property Insurance -$137
HOA -$22
Property Management Fees -$99
CASH FLOW
$46

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.

$205,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$14,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,524

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,5003$1,5304$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 3845 German Pointer Way Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.81
    •  
  • 3920 Thoroughbred Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.78
    •  
  • 4324 Kyleigh Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 9201 Troy Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 2006
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 3956 Foxhound Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2004
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
PROPERTY LISTING DETAILS
Mark Hewitt
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486867
Last Updated: 12/17/2020
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