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3944 Golden Horn Lane Fort Worth, TX 76123

3 Beds 2 Baths 2,259 sqft Built 2003

$235,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $104.03
  • 5 Days on Market
  • MLS # : 14516008
  • Updated Date : 02/11/2021 at 10:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,259 sqft
  • Baths : 2 full
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. Gorgeous two-story home on a spacious lot in a quiet subdivision close to schools with a beautiful neighborhood park at the end of the street. Nicely maintained landscaping, two-car garage, and covered entryway. Open concept with three living rooms and two dining rooms. The kitchen features a full set of appliances, ample cabinet and counter space, and an adjacent breakfast area. All bedrooms are on the upper level. The master suite has a walk-in closet and a 5 piece bathroom. Guest bedrooms are a great size, one with a walk-in closet. The massive upstairs family room can be used as a game room. The home is cleaned and disinfected routinely.

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: 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
J A Hargrave Elementary School Primary Regular 530 33 2
Summer Creek Middle School Middle Regular 779 52 4
North Crowley High School High Regular 2,442 148 4

J A Hargrave Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 33
2
GreatSchools Rating

Summer Creek Middle School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 52
4
GreatSchools Rating

North Crowley High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$816
Property Tax -$539
Property Insurance -$158
HOA -$88
Property Management Fees -$99
CASH FLOW
-$70

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.

$235,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.69%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,592

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6303$1,6954$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 3944 Golden Horn Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.72
    •  
  • 3951 Fox Run Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1998
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.72
    •  
  • 3945 Thoroughbred Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 2003
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 9108 Old Clydesdale Drive Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2006
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 3904 Country Lane Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2003
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.72
    •  
PROPERTY LISTING DETAILS
Alix Spruce
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516008
Last Updated: 02/11/2021
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