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7763 Navajo Court Fort Worth, TX 76137

4 Beds 3 Baths 2,215 sqft Built 1995

$285,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $128.67
  • 6 Days on Market
  • MLS # : 14492029
  • Updated Date : 12/30/2020 at 17:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,215 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Recent renovations make this centrally located property move in ready. Keller ISD, near city parks and walking trails, dining, shopping and easy access to everything Ft. Worth has to offer. Two story entry show off luxury plank vinyl and leads to quiet living and dining space with crown molding. Casual area features a bright kitchen and great natural light, with lots of cabinets and counters space, island, SS appl, pantry and gas cooking. Breakfast area features bay window and living offers a fireplace. Bedrooms conveniently located upstairs. Modern touches and double sinks in baths. Canopy over patio, raised garden, recent fencing.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191775

* 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
Bluebonnet Elementary School Primary Regular 646 42 5
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 42
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
 

$256,500$313,500$285,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,052
Property Tax -$653
Property Insurance -$155
HOA -$12
Property Management Fees -$99
CASH FLOW
-$191

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.5%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,941

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
  • $0.8

    LIST RENT PER SQFT
  • $1,800

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6803$1,7004$1,7005$1,780
$1,780
RENT COMPS ANALYSIS
  • 7763 Navajo Court Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,215 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.80
    •  
  • 4611 Rincon Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 1998
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.79
    •  
  • 7800 Park Run Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 1998
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.82
    •  
  • 4821 Great Divide Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1995
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 7792 Beaver Head Road Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1995
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
PROPERTY LISTING DETAILS
Paul Tosello
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492029
Last Updated: 12/30/2020
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