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4809 Campfire Court Fort Worth, TX 76244

4 Beds 3 Baths 2,848 sqft Built 2001

$291,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $102.18
  • 4 Days on Market
  • MLS # : 14495697
  • Updated Date : 01/07/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,848 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Real Estate Power Houses

Listing Agent's Description

Sitting in desirable Keller ISD. This gorgeous 4 bedroom home features an office downstairs as well as an beautiful kitchen adjacent to the formal dining room. The living room has a beautiful fireplace looking out to the back yard. Upstairs features a large room to be used as a game room, media room or an upstairs living room. The main bedroom has a beautiful bathroom with a garden tub, separate shower and large walk-in closet. Three other rooms upstairs are a good size as well with nice closets. Call now to make an appointment to see your new home.

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: Coventry Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Coventry Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Lone Star Elementary School Primary Regular 750 48 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Lone Star Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 48
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating
 

$261,900$320,100$291,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,011
Property Tax -$667
Property Insurance -$192
HOA -$18
Property Management Fees -$99
CASH FLOW
$154

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.

$291,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,865

INVESTMENT

$82,865

Down Payment
$72,750
Rehab Estimate
$5,750
Closing Costs
$4,365

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,750
Loan Amount $218,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$23,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,143

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0003$2,1404$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 4809 Campfire Court Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.75
    •  
  • 9120 Saratoga Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2001
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 9216 Niles Court Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2006
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 4725 Olympia Trace Circle Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 1999
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.75
    •  
  • 9017 Hawley Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,031 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,031 Sqft ∙ Built 2008
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
PROPERTY LISTING DETAILS
Kevin Hammon
The Real Estate Power Houses
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495697
Last Updated: 01/07/2021
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