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7409 Foxgrass Place Fort Worth, TX 76123

4 Beds 3 Baths 3,349 sqft Built 2021

$525,481

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $156.91
  • 5 Days on Market
  • MLS # : 14516581
  • Updated Date : 02/10/2021 at 11:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,349 sqft
  • Baths : 3 full
Listing Agent

Hunter Dehn Realty

Listing Agent's Description

Charming 2 story, painted brick home with 4 bedrooms, 3 baths, media, game room, study and formal dining. Large kitchen island open to family room. Secondary bedrooms have walk in closets. Many luxury included features in this new Shaddock Homes plan.

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

Zip Code: 76123

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76123

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
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
 

$472,933$578,029$525,481

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 -$1,825
Property Tax -$1,344
Property Insurance -$221
HOA -$54
Property Management Fees -$99
CASH FLOW
-$1,483

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$525,481

PROJECTED PRICE

$2,060

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,252

INVESTMENT

$141,252

Down Payment
$131,370
Rehab Estimate
$2,000
Closing Costs
$7,882

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,825

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,370
Loan Amount $394,111
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$5,147

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
  • $0.62

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$2,0004$2,0605$2,500
$2,500
RENT COMPS ANALYSIS
  • 7409 Foxgrass Place Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,349 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,349 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.62
    •  
  • 4809 Palm Ridge Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2001
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.57
    •  
  • 8413 Southern Prairie Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,086 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,086 Sqft ∙ Built 2002
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.58
    •  
  • 7441 Grass Valley Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,166 Sqft ∙ Built 2005
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.63
    •  
  • 8112 Geranium Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,685 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,685 Sqft ∙ Built 2005
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.68
    •  
PROPERTY LISTING DETAILS
Peter Shaddock
Hunter Dehn Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516581
Last Updated: 02/10/2021
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