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3977 Grizzly Hills Circle Fort Worth, TX 76244

3 Beds 2 Baths 2,109 sqft Built 2010

$265,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $125.65
  • 6 Days on Market
  • MLS # : 14458992
  • Updated Date : 10/31/2020 at 18:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,109 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Wonderful one level 3 bdrm, 2 bth home has a 3-car garage! Located in award-winning Keller ISD. New paint and baseboards. New AC unit in 2019. Spacious living rm with laminate wood flrs wired for surround sound. Kitchen offers granite countertops, ss appls, lrg island with breakfast bar, laminate flrs, and XL pantry-laundry rm with lots of shelves for storage. Study-den at the front entry with lots of windows for natural light. Primary suite features soaking tub, separate shower, dual sinks, and vanities. 2 add'l bdms and bth. Lot includes patio and extra space on side of the house with a storage shed. Centrally located close to schools, shopping, entertainment, and dining.

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: Big Bear Creek Meadows of Fort Worth

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k273k

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

Neighborhood: Big Bear Creek Meadows of Fort Worth

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9192067

* 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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$978
Property Tax -$607
Property Insurance -$149
HOA -$14
Property Management Fees -$99
CASH FLOW
-$97

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.

$265,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.3%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,777

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6503$1,7504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 3977 Grizzly Hills Circle Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,109 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,109 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 11420 Petunia Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,975 Sqft ∙ Built 2003
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.83
    •  
  • 11509 Petunia Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 2003
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 4028 Sprucebark Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 11400 Aspen Creek Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2003
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
PROPERTY LISTING DETAILS
Charles Brown
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14458992
Last Updated: 10/31/2020
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