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7421 Marsarie Court Fort Worth, TX 76137

5 Beds 3 Baths 2,384 sqft Built 1995

INVESTimate

$299,900

List Price

$1,780

$1,602 - $1,958

Rent Est.

$334,928  ( +11.68%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $125.80
  • 12 Days on Market
  • MLS # : 14414315
  • Updated Date : 08/19/2020 at 04:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,384 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Great investment opportunity! The seller has reduced price based on condition. No low ball offers but all offers will be looked at. The buyer's Agent MUST show property before calling the listing agent asking about the condition. This is due to this seller having hundreds of properties. Look first, ask questions later.

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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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,107
Property Tax -$687
Property Insurance -$165
Property Management Fees -$99
CASH FLOW
-$278

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.

$299,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.59%

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$922

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,752

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7803$1,7954$1,7955$1,925
$1,925
RENT COMPS ANALYSIS
  • 7421 Marsarie Court Fort Worth, TX 2
    • 5 beds 3 baths ∙ 2,384 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,384 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.75
    •  
  • 7532 Juliet Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 2000
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 4609 Buffalo Bend Place Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 1999
    property image
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
  • 4608 Parkview Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1996
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 7885 Parkmount Court Fort Worth, TX 5
    • 5 beds 4 baths ∙ 2,555 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,555 Sqft ∙ Built 1999
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.75
    •  
PROPERTY LISTING DETAILS
Cami Hobbs
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414315
Last Updated: 08/19/2020
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