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5225 Sunwood Circle Fort Worth, TX 76123

5 Beds 4 Baths 4,518 sqft Built 2009

$394,500

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $87.32
  • 6 Days on Market
  • MLS # : 14479213
  • Updated Date : 12/03/2020 at 09:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,518 sqft
  • Baths : 4 full
Listing Agent

Re/max Trinity

Listing Agent's Description

Absolutely gorgeous 5 bedroom + office home which could double as a 6th bedroom. This huge home has 4 full bathrooms, 2 dining areas, 3 living areas + an amazing home theater like no other! No detail has been missed in this stunner with all the attention to detail & upgrades throughout. The amazingly tall ceilings & beautiful rock corner fireplace with ceramic gas logs & gas starter for those cozy nights are perfect for this time of year! The kitchen is for the gourmet cook with the drop in gas cooktop & stainless steel appliances, granite counter tops, tile back splash with granite inlays. Tile & wood flooring, central vacuum, wood work & crown molding throughout, 2 car garage, wood fence, sprinkler system.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Summer Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Summer Creek South

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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$355,050$433,950$394,500

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,456
Property Tax -$904
Property Insurance -$288
HOA -$33
Property Management Fees -$99
CASH FLOW
-$280

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.

$394,500

PROJECTED PRICE

$2,500

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.9%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$110,293

INVESTMENT

$110,293

Down Payment
$98,625
Rehab Estimate
$5,750
Closing Costs
$5,918

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,456

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,625
Loan Amount $295,875
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $2,733

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,850
$2,850
RENT COMPS ANALYSIS
  • 5225 Sunwood Circle Fort Worth, TX 1
    • 5 beds 4 baths ∙ 4,518 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,518 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.55
    •  
  • 8369 Summer Park Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 4,326 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,326 Sqft ∙ Built 2003
    property image
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.59
    •  
  • 5213 Cedar Brush Drive Fort Worth, TX 3
    • 5 beds 4 baths ∙ 4,627 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,627 Sqft ∙ Built 2007
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.62
    •  
PROPERTY LISTING DETAILS
Daniel Murphy
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479213
Last Updated: 12/03/2020
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