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7512 Foxgrass Place Fort Worth, TX 76123

3 Beds 3 Baths 2,341 sqft Built 2021

$514,080

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $219.60
  • 2 Days on Market
  • MLS # : 14537040
  • Updated Date : 03/20/2021 at 12:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,341 sqft
  • Baths : 2 full , 1 half
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14537040 - Built by Highland Homes - May completion! ~ 1-story floor plan with 2.5 car garage, Kitchen includes white painted flat panel cabinets, apron front sink, 5-burner gas cooktop, double ovens, Silestone counter tops and built in hutch. Extensive wood-look vinyl flooring, upgrade tiles and tile accents, upgrade carpet.

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

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
 

$462,672$565,488$514,080

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,786
Property Tax -$1,315
Property Insurance -$162
HOA -$54
Property Management Fees -$99
CASH FLOW
-$1,546

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.

$514,080

PROJECTED PRICE

$1,870

PROJECTED RENT

0.36%

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$138,231

INVESTMENT

$138,231

Down Payment
$128,520
Rehab Estimate
$2,000
Closing Costs
$7,711

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,786

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,520
Loan Amount $385,560
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$6,238

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,908

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8703$1,8954$1,9755$1,990
$1,990
RENT COMPS ANALYSIS
  • 7512 Foxgrass Place Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,341 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,341 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.80
    •  
  • 5508 Post Ridge Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,269 Sqft ∙ Built 2004
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 5508 Meadow Valley Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 2003
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 5440 Shasta Ridge Court Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2012
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 5309 Smokey Ridge Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2011
    property image
    LEASED 03/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.85
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537040
Last Updated: 03/20/2021
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