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4820 Blue Top Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,917 sqft Built 2011

$239,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $125.14
  • 3 Days on Market
  • MLS # : 14500412
  • Updated Date : 01/15/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,917 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

SEARCH YOUTUBE FOR HD VIDEO OF THIS PROPERTY! Gorgeous MOVE-IN ready home w-UPDATED Laminate Flooring & NEW carpet! Covered Front Porch Welcomes YOU Home! Flexible floorplan offers 2 DINING areas, OR use the 2nd one as a Home Office, Playroom or Secondary Living Area! ISLAND kitchen w-LOADS of cabinets, TWO PANTRIES & an ISLAND! Spacious owner's retreat boasts private ensuite w-dual sinks, separate tub & shower, & a HUGE closet! Secondary bedrooms each have ceiling fans & two inch blinds, as well as walk-step in closets. Backyard features storage building, extended patio & plenty of grass for some outdoor play time. Conveniently located near dining, shopping & STARBUCKS, as well as great freeway accessibility.

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: Boswell Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Boswell Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Bryson Elementary School Primary Regular 473 34 5
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Bryson Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 34
5
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$833
Property Tax -$550
Property Insurance -$138
HOA -$13
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 14% of earned rent to cover both maintenance and periods of vacancy.

$239,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.3%
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$100k$200k$300k$400k$500k$600k$700k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$13,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6803$1,7004$1,7455$1,895
$1,895
RENT COMPS ANALYSIS
  • 4820 Blue Top Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.88
    •  
  • 8645 Star Thistle Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2010
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 8409 Shallow Creek Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2008
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 9133 Pearfield Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2020
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.01
    •  
  • 8832 Highland Orchard Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,054 Sqft ∙ Built 2006
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kevin Rhodes
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500412
Last Updated: 01/15/2021
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