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6813 White River Drive Fort Worth, TX 76179

5 Beds 3 Baths 2,810 sqft Built 2004

$369,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $131.32
  • 3 Days on Market
  • MLS # : 14536182
  • Updated Date : 03/19/2021 at 10:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,810 sqft
  • Baths : 3 full
Listing Agent

Fathom Realty Llc

Listing Agent's Description

Gorgeous home with an incredibly functional floor plan. Downstairs accommodates the large master suite, 2nd bedroom or office and 2 full baths. Great upstairs space with 3rd living area or gameroom, 2 bedrooms and large 5th bedroom that would also work well as a media room, playroom. Lovely bright kitchen with 42 in. cabinets, breakfast area, stainless appliances and large island. Backyard is the perfect size for your future pool. Buyer and agent to do their own due diligence and verify taxes, schools, square footage, etc. Info deemed reliable but not guaranteed

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eagle Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Eagle Ranch

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
Lake Pointe Elementary School Primary Regular 664 35 8
Creekview Middle School Middle Regular 801 47 7
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

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating

Boswell High School

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

$332,100$405,900$369,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,282
Property Tax -$846
Property Insurance -$190
HOA -$18
Property Management Fees -$99
CASH FLOW
-$374

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.

$369,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.3%
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

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,051

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8403$1,8504$1,8955$2,060
$2,060
RENT COMPS ANALYSIS
  • 6813 White River Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,810 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,810 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.73
    •  
  • 7125 Little Mohican Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2007
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.73
    •  
  • 6341 Eagles Rest Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.73
    •  
  • 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 02/24/21
    • 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
    •  
PROPERTY LISTING DETAILS
Tim Russell
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536182
Last Updated: 03/19/2021
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