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4009 Juniper Court Fort Worth, TX 76040

3 Beds 3 Baths 2,162 sqft Built 2000

$315,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $146.11
  • 4 Days on Market
  • MLS # : 14511891
  • Updated Date : 02/06/2021 at 09:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,162 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

**MULTIPLE OFFERS- HIGHEST AND BEST by Sat, Feb 6th @ 3:00 pm. **Are you looking for space to expand and entertain your growing family? Then look no further. This immaculate, clean, freshly painted, well-maintained, one owner home located in highly sought after HEB district checks off all the boxes on your wish list. The backyard and deck offers phenomenal outdoor living space. Imagine, creating your own staycations in this oasis that is also a gardener's paradise. Located less than 15 minutes from DFW Airport this home has a 2nd floor game room that's already equipped with a pool table and all the supplies for great competitive fun. A new roof was installed in 2020. This is a must see and it won't last long.

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

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9471808

* 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 High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$284,310$347,490$315,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,097
Property Tax -$724
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
-$203

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.

$315,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,464

INVESTMENT

$89,464

Down Payment
$78,975
Rehab Estimate
$5,750
Closing Costs
$4,739

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,097

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,975
Loan Amount $236,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,973

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,8953$1,9504$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 4009 Juniper Court Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.86
    •  
  • 12804 Chittamwood Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2001
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.91
    •  
  • 515 Calvary Drive Euless, TX 3
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 4225 Slick Rock Chase Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,218 Sqft ∙ Built 1997
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.92
    •  
  • 808 Deedee Creek Drive Euless, TX 5
    • 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2003
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
PROPERTY LISTING DETAILS
Carol Holmes
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511891
Last Updated: 02/06/2021
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