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8005 Pretoria Place Fort Worth, TX 76123

4 Beds 3 Baths 2,417 sqft Built 2001

$255,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $105.50
  • 2 Days on Market
  • MLS # : 14477996
  • Updated Date : 11/28/2020 at 15:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,417 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Morine Group, Realtors

Listing Agent's Description

Beautiful, move-in ready home in sought-after Columbus Heights Addition, just minutes away from Chisholm Trail Tollway! This amazing home has 4 bedrooms plus an office space, spacious living area with fireplace and an extra play area for the kids. Master suite features a relaxing garden tub, separate shower and walk-in closet. Big backyard with a covered patio makes for great entertaining. Great neighborhood with community pool and playground. NOT AVAILABLE FOR SHOWINGS UNTIL DECEMBER 2ND. More pics coming then.

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
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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$941
Property Tax -$585
Property Insurance -$167
HOA -$41
Property Management Fees -$99
CASH FLOW
-$32

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.

$255,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.71%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,759
1$1,7592$1,8003$1,8504$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 8005 Pretoria Place Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 8213 Cedarcrest Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 2003
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,759
    • $0.76
    •  
  • 4516 Pebble Stone Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,425 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,425 Sqft ∙ Built 2001
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 4604 Gladiola Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 1999
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 8013 Peony Court Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2003
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
PROPERTY LISTING DETAILS
Andrew Chambers
The Morine Group, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477996
Last Updated: 11/28/2020
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