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4956 Thorn Hollow Drive Fort Worth, TX 76244

4 Beds 3 Baths 3,055 sqft Built 2006

$279,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $91.62
  • 2 Days on Market
  • MLS # : 14507128
  • Updated Date : 02/06/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,055 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Freshly painted 4 bedroom home in Keller ISD. Great floorplan with 3 BIG Living Spaces and 4 BIG Bedrooms. Each bedroom has walk in closets. Massive Master Bedroom with large master bathroom that includes separate tub and shower. Spacious kitchen with island, open to the main living area for gathering and entertaining. Upstairs loft can be used as gameroom or office. Nice corner lot with trees and privacy fencing. Great location, close to shopping, restaurants, hospital, schools Hwy 377 and I-35W. Clean and move-in ready. Multiple offers received. Seller has requested that your best and final offer be sent to me by 3pm tomorrow.  At that time, he will review all of them before making a final decision.

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: Bear Creek Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Bear Creek Vista

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
Freedom Elementary School Primary Regular 462 31 6
Central High School High Regular 2,573 140 8
Central High School High Unknown NA

Freedom Elementary School

  • Education Level: Primary
  • # of students: 462
  • # of teachers: 31
6
GreatSchools Rating

Central High School

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

Central High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$972
Property Tax -$648
Property Insurance -$204
Property Management Fees -$99
CASH FLOW
$177

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.

$279,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.75%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$25,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,360

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1953$2,2954$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 4956 Thorn Hollow Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,055 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,055 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 5140 Escambia Terrace Fort Worth, TX 2
    • 4 beds 4 baths ∙ 2,901 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,901 Sqft ∙ Built 2008
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 5212 Lori Valley Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.80
    •  
  • 10212 Sourwood Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,132 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,132 Sqft ∙ Built 2004
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.77
    •  
  • 10117 Jessica Street Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,153 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,153 Sqft ∙ Built 2002
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
Darin Davis
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507128
Last Updated: 02/06/2021
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