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4009 Durrett Street Fort Worth, TX 76244

5 Beds 4 Baths 4,391 sqft Built 2002

$565,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $128.67
  • 6 Days on Market
  • MLS # : 14494746
  • Updated Date : 01/06/2021 at 15:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,391 sqft
  • Baths : 4 full
Listing Agent

Mack Realty And Property Mgmt

Listing Agent's Description

Gorgeous custom home in Keller ISD. Energy efficient zoned heating and cooling with 4 units. Heated diving pool with attached spa. Outdoor kitchen with grill and refrigerator. Lush yard is fully landscaped & low maintenance with sprinkler system and artificial grass in backyard. Dream kitchen with ss appliances, walk in pantry, double ovens. Granite in kitchen and bathrooms. Fresh interior paint and updated flooring downstairs. Finished 3 car garage with insulated garage doors, epoxy flooring and extra storage. Guest suite down with pool access from bathroom. Upstairs study perfect for homework or work from home. Roof replaced 2019. So many upgrades - Must See.

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9192376

* 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
Bette Perot Elementary School Primary Regular 666 42 9
Timberview Middle School Middle Regular 1,113 72 7
Timbercreek High School High Regular 2,957 160 8

Bette Perot Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 42
9
GreatSchools Rating

Timberview Middle School

  • Education Level: Middle
  • # of students: 1,113
  • # of teachers: 72
7
GreatSchools Rating

Timbercreek High School

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

$508,500$621,500$565,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$1,962
Property Tax -$1,295
Property Insurance -$281
HOA -$33
Property Management Fees -$99
CASH FLOW
-$541

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.

$565,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $3,132

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8003$3,1304$3,700
$3,700
RENT COMPS ANALYSIS
  • 4009 Durrett Street Fort Worth, TX 3
    • 5 beds 4 baths ∙ 4,391 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,391 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $0.71
    •  
  • 10252 Paintbrush Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,466 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.62
    •  
  • 4844 Exposition Way Fort Worth, TX 2
    • 4 beds 4 baths ∙ 4,169 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,169 Sqft ∙ Built 2006
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.67
    •  
  • 9725 Bowman Drive Fort Worth, TX 4
    • 5 beds 6 baths ∙ 4,364 Sqft ∙ Built 2011 5 beds 6 baths ∙ 4,364 Sqft ∙ Built 2011
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Bobbi Villarreal
Mack Realty And Property Mgmt
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494746
Last Updated: 01/06/2021
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