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7017 Buttonwood Drive Fort Worth, TX 76137

3 Beds 2 Baths 1,276 sqft Built 1983

INVESTimate

$185,000

List Price

$1,400

$1,260 - $1,540

Rent Est.

$206,608  ( +11.68%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $144.98
  • 9 Days on Market
  • MLS # : 14414228
  • Updated Date : 08/23/2020 at 22:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,276 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Keller

Listing Agent's Description

Very welcoming 3 Bedroom 2 Bath home in Keller ISD. Bonus Room added in the back with endless possibilities. Could easily have AC added for additional room. New tile in both bathrooms. One side of fence replaced August 2020. New Carpet installed July 2020. Huge Backyard! Schedule a showing today!

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: 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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$683
Property Tax -$441
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
$76

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.

$185,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$15,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4504$1,4505$1,540
$1,540
RENT COMPS ANALYSIS
  • 7017 Buttonwood Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 7400 Southwind Court Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 1983
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.12
    •  
  • 6924 Wayfarer Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1985
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 3901 Springside Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1983
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
  • 3716 Chaddybrook Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1993
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.10
    •  
PROPERTY LISTING DETAILS
Brittany Bauduin
Jp And Associates Keller
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414228
Last Updated: 08/23/2020
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