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7900 Wister Drive Fort Worth, TX 76123

3 Beds 4 Baths 3,749 sqft Built 2000

$399,900

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $106.67
  • 7 Days on Market
  • MLS # : 14509277
  • Updated Date : 02/02/2021 at 13:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,749 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams-johnson County

Listing Agent's Description

Beautiful and immaculate home at the end of cul-de-sac in quiet established neighborhood. The interior offers 2 living and 2 dining downstairs with all 3 bedrooms. Large chef's dream kitchen with 42 in cabinets for storage and center island and breakfast bar. Cozy den and amazing master suite with sitting room and lots of natural light. Gorgeous pool in backyard! New roof and gutters in August 2018, New water heater 2017, New AC System 2018, Pool and deck resurfaced- 2020. Pride of ownership shows in the care of this incredible home. Don't miss this gorgeous gem! Pool table conveys to new buyers.

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: Hulen Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Hulen Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Dallas Park Elementary School Primary Regular 644 35 3
Summer Creek Middle School Middle Regular 779 52 4
North Crowley High School High Regular 2,442 148 4

Dallas Park Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 35
3
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
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,389
Property Tax -$917
Property Insurance -$244
HOA -$42
Property Management Fees -$99
CASH FLOW
-$270

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.

$399,900

PROJECTED PRICE

$2,420

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,326

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,343

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,4203$2,500
$2,500
RENT COMPS ANALYSIS
  • 7900 Wister Drive Fort Worth, TX 2
    • 3 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.65
    •  
  • 4675 Pine Grove Lane Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.57
    •  
  • 8112 Geranium Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,685 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,685 Sqft ∙ Built 2005
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.68
    •  
PROPERTY LISTING DETAILS
Kimberly Kimble
Keller Williams-johnson County
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509277
Last Updated: 02/02/2021
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