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7844 Cupp Court Fort Worth, TX 76126

3 Beds 2 Baths 2,072 sqft Built 2020

$310,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $149.61
  • 2 Days on Market
  • MLS # : 14471409
  • Updated Date : 11/21/2020 at 09:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,072 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Tucked away right outside the city limits in Pyramid acres, you will enjoy this New construction, 3 bedroom and a study Gem. The kitchen features White cabinetry, granite counter tops and a Brand new stainless steel appliance package. This home features a floor to ceiling stone fireplace, 2 additional feet in the garage, marble in the Master bath as well an additional 4 foot in the master bath & closet. Head outside, take in the stars and enjoy the peacefulness of country living a couple minutes from town. You'll also enjoy an easy commute to restaurants, retailers and plenty of outdoor activities. Schedule your showing today!

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: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k476k

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

Zip Code: 76126

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
Westpark Elementary School Primary Regular 484 25 8
Benbrook Middle High School Middle Regular 911 59 5
Benbrook Middle High School High Regular 911 59 5

Westpark Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 25
8
GreatSchools Rating

Benbrook Middle High School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Benbrook Middle High School

  • Education Level: High
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,144
Property Tax -$711
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
-$420

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.

$310,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$84,150

INVESTMENT

$84,150

Down Payment
$77,500
Rehab Estimate
$2,000
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$57

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,103

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$2,3953$2,3954$2,3955$2,395
$2,395
RENT COMPS ANALYSIS
  • 7844 Cupp Court Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.81
    •  
  • 8036 Pennington Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 8044 Sumerlin Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019
    property image
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 8150 Money Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2020
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 5580 Sheilagh Place Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2018
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
PROPERTY LISTING DETAILS
Matthew Brown
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471409
Last Updated: 11/21/2020
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