Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

720 Sunrise Court Fort Worth, TX 76120

3 Beds 2 Baths 1,420 sqft Built 1986

$210,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $147.89
  • 2 Days on Market
  • MLS # : 14485309
  • Updated Date : 12/12/2020 at 11:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Charming 1 story home with 3 bedrooms and 2 baths in Sandy Ridge Estates. Enjoy a quiet evening by the fire in the lovely large family room anchored by a brick fireplace. Open kitchen has wood cabinets, neutral counters and built in microwave. Dining room has wall of windows with oversized window seal. Relax in the master suite with large soaking tub, 2 sinks, linen closet and double walk in closets. Two more bedrooms with large closets and a bath are separate from the master. Home is just blocks off I-30 and 820, close to Lake Arlington and 20 miles to DFW.

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: Sandy Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $86k243k

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

Neighborhood: Sandy Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8171734

* 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
Lowery Road Elementary School Primary Regular 692 39 5
Handley Middle School Middle Regular 521 42 4
Eastern Hills High School High Regular 1,215 96 2

Lowery Road Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 39
5
GreatSchools Rating

Handley Middle School

  • Education Level: Middle
  • # of students: 521
  • # of teachers: 42
4
GreatSchools Rating

Eastern Hills High School

  • Education Level: High
  • # of students: 1,215
  • # of teachers: 96
2
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$775
Property Tax -$481
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
-$14

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.

$210,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$9,979

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4203$1,4504$1,5255$1,535
$1,535
RENT COMPS ANALYSIS
  • 720 Sunrise Court Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 1020 Fox River Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1979
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.06
    •  
  • 7420 Eastern Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1986
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.03
    •  
  • 1016 Fairweather Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2006
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.02
    •  
  • 7540 Arbor Hill Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1988
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jodie Boutilier
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485309
Last Updated: 12/12/2020
BESbswy