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7420 Anderson Boulevard Fort Worth, TX 76120

3 Beds 2 Baths 1,774 sqft Built 2006

$227,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $127.96
  • 4 Days on Market
  • MLS # : 14504777
  • Updated Date : 01/29/2021 at 17:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,774 sqft
  • Baths : 2 full
Listing Agent

The Culpepper Team

Listing Agent's Description

Charming DR Horton home built in 2006 and conveniently located near schools,shopping and dining,with easy access to loop 820 and I 30.Interior repainted in 2019,New roof in 2019,All new tile in bedrooms and main living area in 2019.Split Bedrooms and Covered Patio.New dishwasher in 2019 and new garage door opener in 2019.Fridge was new in 2019 and will stay.Master bedroom in the rear of the house with on suite Bathroom. Multiple Offers.Best and Final offer due by Saturday the 30th at 9 pm.

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: Blake Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Blake Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9111734

* 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
John T. White Elementary School Primary Regular 761 40 3
Handley Middle School Middle Regular 521 42 4
Eastern Hills High School High Regular 1,215 96 2

John T. White Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 40
3
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
 

$204,300$249,700$227,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$788
Property Tax -$520
Property Insurance -$130
HOA -$18
Property Management Fees -$99
CASH FLOW
$35

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.

$227,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,905

INVESTMENT

$65,905

Down Payment
$56,750
Rehab Estimate
$5,750
Closing Costs
$3,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$788

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,750
Loan Amount $170,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$11,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,645

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5903$1,5954$1,6005$1,615
$1,615
RENT COMPS ANALYSIS
  • 7420 Anderson Boulevard Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.90
    •  
  • 7533 Vanessa Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2005
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 916 Iona Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2014
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 7549 Vanessa Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 1408 Cactus Grove Way Fort Worth, TX 5
    • 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2020
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.91
    •  
PROPERTY LISTING DETAILS
James Johnson
The Culpepper Team
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504777
Last Updated: 01/29/2021
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