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6317 Spring Buck Run Fort Worth, TX 76179

5 Beds 4 Baths 2,382 sqft Built 2015

$284,999

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $119.65
  • 2 Days on Market
  • MLS # : 14509179
  • Updated Date : 01/30/2021 at 10:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,382 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp And Associates Fort Worth

Listing Agent's Description

GORGEOUS MUST SEE - this beautifully kept home is move in ready with oversized CORNER LOT. This spacious open concept living, dining, kitchen floor plan with 4 bedrooms upstairs with 2 Full Baths. Large CHEF'S kitchen with granite counter tops, seating at Island and walk in pantry! LG Primary Bedroom with dual sinks and huge walk in closet. 6FT privacy fence and includes sprinkler system. WELCOME HOME!!!!!!

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
Boswell High School High Regular 1,605 106 7
Boswell High School High Unknown NA

Lake Pointe Elementary School

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

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating

Boswell High School

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

$256,499$313,499$284,999

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$990
Property Tax -$653
Property Insurance -$165
HOA -$21
Property Management Fees -$99
CASH FLOW
-$198

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.

$284,999

PROJECTED PRICE

$1,730

PROJECTED RENT

0.61%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,749
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7303$1,8504$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 6317 Spring Buck Run Fort Worth, TX 2
    • 5 beds 4 baths ∙ 2,382 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,382 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.73
    •  
  • 9008 Adler Trail Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2009
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 7221 Wavecrest Way Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2018
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 6276 Topsail Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
  • 7424 Innisbrook Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
PROPERTY LISTING DETAILS
Charles Pairett
Jp And Associates Fort Worth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509179
Last Updated: 01/30/2021
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