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4821 Sabine Street Fort Worth, TX 76137

3 Beds 2 Baths 1,581 sqft Built 1996

INVESTimate

$225,000

List Price

$1,620

$1,458 - $1,782

Rent Est.

$243,945  ( +8.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $142.31
  • 8 Days on Market
  • MLS # : 14416642
  • Updated Date : 08/25/2020 at 13:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,581 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Ftworth

Listing Agent's Description

DON'T MISS OUT ON LIVING IN BEAUTIFUL PARK GLEN LOCATED IN NORTHEAST FORT WORTH, JUST SOUTH OF KELLER IN THE HIGHLY DESIRED KELLER ISD!! THIS INCREDIBLY WELL KEPT HOME, WON'T LAST LONG!!! BRAND NEW: ROOF, GUTTERS, DOWNSPOUTS, GARAGE DOORS, CARPET THROUGHOUT, LUXURY VINYL PLANK FLOORS, WATER HEATER, BACKYARD SHED, COACH LIGHTS, KITCHEN VENT HOOD!! JUST STEPS AWAY FROM ARCADIA TRAIL PARK, WALKING & BIKE TRAILS, PLAYGROUND, TENNIS COURTS, GOLF DISC COURSE WITH AN HOA OF ONLY $66 PER YEAR. ALL THIS & NESTLED BETWEEN N. BEACH ST, BASSWOOD, TARRANT PKWY & 377, EASY ACCESS TO 820, 35W, 114. LOTS OF SHOPPING AND RESTAURANTS NEARBY. Buyer and or Buyer's Agent Responsible for verifying measurements, taxes and schools.

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

Neighborhood: Park Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Park Glen

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
Bluebonnet Elementary School Primary Regular 646 42 5
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 42
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$830
Property Tax -$516
Property Insurance -$119
HOA -$6
Property Management Fees -$99
CASH FLOW
$51

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.

$225,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6203$1,6254$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 4821 Sabine Street Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.02
    •  
  • 7916 Teal Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1996
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 4829 Salmon Run Way Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1995
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.02
    •  
  • 4921 Great Divide Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1994
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 4732 N Cascades Street Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1993
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
PROPERTY LISTING DETAILS
Lynne Arnold
Keller Williams Realty Ftworth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416642
Last Updated: 08/25/2020
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