Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5336 Thornbush Drive Fort Worth, TX 76179

4 Beds 2 Baths 1,990 sqft Built 2012

$250,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $125.63
  • 2 Days on Market
  • MLS # : 14471306
  • Updated Date : 11/14/2020 at 21:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,990 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

SEARCH YOUTUBE FOR HD VIDEO OF THIS PROPERTY. Pride of ownership abounds in this one story family home. Bright and open floorplan is perfect for entertaining. Spacious island kitchen offers 42 inch cabinetry, walk-in closet and gas range. Owner's retreat features a shiplap accent wall, custom sconces, and plenty of space for your large furniture. Owner's retreat ensuite bathroom boasts dual sinks, garden tub, separate shower and large walk-in closet. Secondary bedrooms offer tall ceilings, walk-in closets and plenty of space for Lego building or lounging. Large backyard is a blank canvas for your to create the backyard of your dreams with plenty of space for a pool and Fido too! Excellent 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: Twin Mills

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Twin Mills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191744

* 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
Lake Pointe Elementary School Primary Regular 664 35 8
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Lake Pointe Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 35
8
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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$922
Property Tax -$573
Property Insurance -$142
HOA -$42
Property Management Fees -$99
CASH FLOW
$92

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.

$250,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$20,703

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8004$1,8705$1,895
$1,895
RENT COMPS ANALYSIS
  • 5336 Thornbush Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.94
    •  
  • 5217 Molasses Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2013
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 5301 Rye Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2006
    property image
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 5428 Thornbush Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2012
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 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
    property image
    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 #: 14471306
Last Updated: 11/14/2020
BESbswy