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6812 Haltom Road Fort Worth, TX 76137

4 Beds 2 Baths 1,481 sqft Built 1992

$225,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $151.92
  • 5 Days on Market
  • MLS # : 14494897
  • Updated Date : 01/08/2021 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,481 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

FINAL SHOWINGS ON SATURDAY JAN 9. MULTIPLE OFFERS. FINAL OFFERS DUE BY 5PM SUN JAN 10. This beautiful 1-story home located in Keller ISD features 4 bedrooms, 2 full baths, 2 good size living rooms & 1.5 car garage. A double sided shiplap fireplace graces the center of the home. The kitchen offers a SS stove, DW, MW & trash compactor, tile bksplsh & antiqued cabs. Beautiful ceramic wood looking tile. The spacious ensuite master bedroom offers a separate shower, garden tub, dual sink vanity & two closets. The backyard offers a huge covered patio, storage shed, new privacy fence. More great features: Ring doorbell, keyless entry, Nest thermostat, vaulted ceilings, decorative lighting, ceiling fans & utility room.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8851734

* 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
Chisolm Trail Intermediate School Primary Regular 883 58 5
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Chisolm Trail Intermediate School

  • Education Level: Primary
  • # of students: 883
  • # of teachers: 58
5
GreatSchools Rating

Fossil Hill Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 66
6
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$782
Property Tax -$516
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
$41

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.

$225,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$11,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,511

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,5494$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 6812 Haltom Road Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,481 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,481 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 6742 Fire Hill Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,377 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,377 Sqft ∙ Built 1984
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 6816 Fire Hill Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,462 Sqft ∙ Built 1984
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.01
    •  
  • 6920 Black Wing Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1990
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.01
    •  
  • 6024 Kimberly Court Haltom City, TX 5
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1990
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Cassie Davis
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494897
Last Updated: 01/08/2021
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