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4208 Birch Creek Road Fort Worth, TX 76244

4 Beds 3 Baths 3,658 sqft Built 1999

$324,700

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $88.76
  • 6 Days on Market
  • MLS # : 14462112
  • Updated Date : 10/29/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,658 sqft
  • Baths : 2 full , 1 half
Listing Agent

Call It Closed Realty

Listing Agent's Description

Four Bedrooms with a home Office! Everyone needs one! Keller ISD, open floor with tons of square footage, 3 living areas and one of the largest master suites you'll ever see at this price point. Great storage areas throughout, enormous island kitchen, tons of counter top space. Just off the kitchen is a recently updated walk-in pantry with custom cabinetry. Extra built in storage cabinetry built in to the breakfast area. Recently updated laundry room. Main living area French doors open to a huge, recently constructed custom Timber Craft integrated covered patio great for entertaining and just relaxing. Limited carpeting, bedrooms only. Recently installed, energy efficient, 18 SEER Bosch HVAC heat pump system.

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

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76244

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$292,230$357,170$324,700

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,198
Property Tax -$744
Property Insurance -$239
HOA -$25
Property Management Fees -$99
CASH FLOW
-$95

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.

$324,700

PROJECTED PRICE

$2,210

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,796

INVESTMENT

$91,796

Down Payment
$81,175
Rehab Estimate
$5,750
Closing Costs
$4,871

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,175
Loan Amount $243,525
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$9,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,689

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,3003$2,3954$2,6255$3,000
$3,000
RENT COMPS ANALYSIS
  • 4208 Birch Creek Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,658 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,658 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.60
    •  
  • 8632 Arcadia Park Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,358 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,358 Sqft ∙ Built 2001
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.68
    •  
  • 9157 Brook Hill Lane Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,398 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,398 Sqft ∙ Built 2010
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.70
    •  
  • 9237 General Worth Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,327 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,327 Sqft ∙ Built 2004
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,625
    • $0.79
    •  
  • 4000 Vernon Way Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ronald Holliman
Call It Closed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462112
Last Updated: 10/29/2020
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