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6932 Mccracken Court Fort Worth, TX 76132

3 Beds 2 Baths 1,810 sqft Built 2001

$240,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $132.60
  • 2 Days on Market
  • MLS # : 14484953
  • Updated Date : 12/12/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,810 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

This is an adorable home on a cul-de-sac in a quiet neighborhood close to all shopping and the Chisholm Parkway. Shows like a model. As you walk through the front door you are greeted with a large foyer leading to the open concept kitchen, dining room and large family room. The family room with vaulted ceilings has a gas log fireplace. You will enjoy the rich wood flooring in this well maintained home. The kitchen with granite countertops has a breakfast bar, an island and bistro eating area. Extended off the kitchen is the dining room and spacious family room. Enjoy another living space in the sun room that opens up from the family room and leads to the large backyard with room for a pool. Split BR design.

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: Oakmont Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Oakmont Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191768

* 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
Oakmont Elementary School Primary Regular 561 39 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Oakmont Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 39
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$886
Property Tax -$550
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$26

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.

$240,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.3%
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

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$10,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6403$1,6954$1,7505$1,995
$1,995
RENT COMPS ANALYSIS
  • 6932 Mccracken Court Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.91
    •  
  • 6217 Reddenson Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2000
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 6109 Comfort Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1999
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 7501 Rall Circle Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1988
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 6912 Topanga Terrace Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,109 Sqft ∙ Built 2000
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
Janice Warman
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484953
Last Updated: 12/12/2020
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