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4133 River Birch Road Fort Worth, TX 76137

3 Beds 2 Baths 1,746 sqft Built 1985

$220,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $126.00
  • 3 Days on Market
  • MLS # : 14484682
  • Updated Date : 12/10/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,746 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Acr

Listing Agent's Description

A perfect 3,2 in Keller ISD with a PTECH campus set to open in Fall 2021! Large living room, wonderful brick fireplace, huge kitchen island, updated kitchen cabinets, two car garage, and large backyard are all waiting for you. Location is perfect being close to schools, restaurants, and shopping at Alliance Town Center. The easy access to 35, 820, and 377 make commuting a breeze. Cute and ready for you to make yours as the hard stuff is done with all siding replaced with vinyl in 2015, gutters put on in 2015, and foundation repairs done in 2012. Don't wait, this one wont last long!

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: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8851734

* 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
Chisolm Trail Intermediate School Primary Regular 883 58 5
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Chisolm Trail Intermediate School

  • Education Level: Primary
  • # of students: 883
  • # of teachers: 58
5
GreatSchools Rating

Fossil Hill Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 66
6
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$812
Property Tax -$504
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$47

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.

$220,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$14,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5904$1,5955$1,685
$1,685
RENT COMPS ANALYSIS
  • 4133 River Birch Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.91
    •  
  • 4040 Staghorn Circle Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1992
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 4413 Windwillow Court Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1985
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 4016 Staghorn Circle Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 1992
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 7924 Firefly Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1986
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.97
    •  
PROPERTY LISTING DETAILS
Deborah Trevino
Berkshire Hathawayhs Acr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484682
Last Updated: 12/10/2020
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