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6277 Bush Buck Run Fort Worth, TX 76179

3 Beds 2 Baths 1,580 sqft Built 2013

$237,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $150.00
  • 4 Days on Market
  • MLS # : 14463108
  • Updated Date : 10/31/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,580 sqft
  • Baths : 2 full
Listing Agent

Earthport Properties Realty, Llc

Listing Agent's Description

Welcome Home! This well-maintained home features 3 bedrooms, 2 baths, and study that could be used as a 4th bedroom. Upon entering this home you will enjoy the open concept with abundant natural light throughout and the privacy of split bedrooms. The open living and kitchen is spacious with breakfast & separate dry bar. The private master suite features his & her sinks, a garden tub, separate shower, and a large walk-in closet. Looking to escape the hustle and bustle? Step outside to the beautifully landscaped back yard with privacy fence, outdoor fire pit, and custom built playground. This home is minutes from Boswell High and shopping! Call me today to schedule your private showing!

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 Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Boswell Ranch

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
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
 

$213,300$260,700$237,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$874
Property Tax -$543
Property Insurance -$119
HOA -$21
Property Management Fees -$99
CASH FLOW
-$46

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.

$237,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
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-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,555

INVESTMENT

$68,555

Down Payment
$59,250
Rehab Estimate
$5,750
Closing Costs
$3,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,250
Loan Amount $177,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5953$1,6104$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 6277 Bush Buck Run Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.02
    •  
  • 8313 Water Buck Run Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2007
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
  • 8201 Deer Bluff Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 2009
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 6261 Bush Buck Run Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2013
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 8233 Sleeping Doe Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2014
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.03
    •  
PROPERTY LISTING DETAILS
Candy Janopoulos
Earthport Properties Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463108
Last Updated: 10/31/2020
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