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7509 Rall Circle Fort Worth, TX 76132

3 Beds 2 Baths 2,499 sqft Built 1988

$379,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $152.02
  • 7 Days on Market
  • MLS # : 14514819
  • Updated Date : 02/20/2021 at 12:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,499 sqft
  • Baths : 2 full
Listing Agent

Highpoint Real Estate Assc.

Listing Agent's Description

Nested in quaint neighborhood, mature trees and extremely well maintained. Owners take pride in their home and it shows. Modern design through out home, adorned with real hardwood floors throughout. Includes two Warm, cozy fire places for a relaxing romantic evening or holiday season. Kitchen debuts stunning granite counter tops from India, stainless steel appliances worth over $7000. Refrigerator, LG washer and dryer front loaders are negotiable. Lushes green patio ready to host your events or simply sit by a fire pit to enjoy wine. One HVAC is only 3 years old! Brand new windows energy efficient. “Low E Solar” Can provide significant energy efficiency and savings, especially in hotter climates. Shed conveys.

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: Quail Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $88k325k

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

Neighborhood: Quail Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9192222

* 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
Oakmont Elementary School Primary Regular 561 39 5
Summer Creek Middle School Middle Regular 779 52 4
North Crowley High School High Regular 2,442 148 4

Oakmont Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 39
5
GreatSchools Rating

Summer Creek Middle School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 52
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,320
Property Tax -$871
Property Insurance -$172
Property Management Fees -$99
CASH FLOW
-$31

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.

$379,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 5.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,923

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,468

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2953$2,3954$2,4305$2,500
$2,500
RENT COMPS ANALYSIS
  • 7509 Rall Circle Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,499 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,499 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.97
    •  
  • 7020 Lomo Alto Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1999
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.91
    •  
  • 7020 Brookvale Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 1986
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.97
    •  
  • 7509 Tilden Court Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,312 Sqft ∙ Built 1989
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.04
    •  
  • 7112 Meadowside Road Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 1994
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
PROPERTY LISTING DETAILS
Linda Shawaluk
Highpoint Real Estate Assc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514819
Last Updated: 02/20/2021
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