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8009 Boat Wind Road Fort Worth, TX 76179

4 Beds 2 Baths 1,870 sqft Built 2019

$249,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $133.64
  • 2 Days on Market
  • MLS # : 14527972
  • Updated Date : 03/06/2021 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,870 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Just Like New! Beautiful 4 Bedroom Home with a Wonderful Open Concept of the Kitchen & Living Area! Breakfast Bar! Stainless Steel Appliances! Gorgeous New Laminate Wood Flooring! Decorative Lighting! Spacious Family Living Area! Split Bedroom Concept! Garden Tub & Separate Shower! 9 ft Ceilings! Enormous Pantry & Utility Room!!! Sprinkler System & Privacy Fenced! Don't Miss Out on Seeing This Beauty!

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: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$868
Property Tax -$573
Property Insurance -$135
HOA -$25
Property Management Fees -$99
CASH FLOW
$70

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.

$249,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$15,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7504$1,7705$1,795
$1,795
RENT COMPS ANALYSIS
  • 8009 Boat Wind Road Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.95
    •  
  • 6244 Topsail Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2018
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 6256 Topsail Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2018
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 7605 Lake Vista Way Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,857 Sqft ∙ Built 2016
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 6312 Spring Buck Run Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2015
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Bridgett Smith
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527972
Last Updated: 03/06/2021
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