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7925 Buttonwood Drive Fort Worth, TX 76137

3 Beds 2 Baths 1,635 sqft Built 1994

$265,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $162.08
  • 3 Days on Market
  • MLS # : 14513781
  • Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,635 sqft
  • Baths : 2 full
Listing Agent

House & Home Real Estate, Llc

Listing Agent's Description

KELLER ISD! 1-STORY! REBUILT 2020! REMODEL FROM SLAB UP! STUDY! 3 BEDROOM! FRONT PORCH! Amazing remodel from the slab up by WYNDHAM CUSTOM HOMES! NEW INTERIOR FEATURES include 10ft. ceiling, CUSTOM SHAKER cabinets, GRANITE counter in kitchen, STAINLESS STEEL APPLIANCES, engineered HICKORY WOOD FLOOR, new carpet. Master Bed has spacious sitting area. Master Bath finished w. patterned tile, Shaker cabinets, CORIAN counter; OVERSIZED MASTER SHOWER, NEW EXTERIOR FEATURES INCLUDE-frame, HVAC, PEX plumbing in walls, electrical, vinyl Low E windows, ACME brick, sheetrock, insulation, NEW ROOF, radiant barrier decking, sprinkler system, sod, landscape. Convenient to I-35 and Beach St.

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: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8851734

* 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
North Riverside Elementary School Primary Regular 461 41 4
Fossil Ridge High School High Regular 2,308 133 7
Fossil Ridge High School High Unknown NA

North Riverside Elementary School

  • Education Level: Primary
  • # of students: 461
  • # of teachers: 41
4
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$920
Property Tax -$607
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
-$99

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.

$265,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.7%
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-$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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6253$1,6504$1,6855$1,750
$1,750
RENT COMPS ANALYSIS
  • 7925 Buttonwood Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 7929 Gardengate Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1992
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.01
    •  
  • 4025 Tulip Tree Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1992
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
  • 7924 Firefly Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1986
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.97
    •  
  • 3604 Caroline Court Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 2002
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kathryn Corey
House & Home Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513781
Last Updated: 02/05/2021
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