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8009 Redwood Trail Fort Worth, TX 76137

4 Beds 3 Baths 2,397 sqft Built 1993

$285,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $118.90
  • 3 Days on Market
  • MLS # : 14463392
  • Updated Date : 11/01/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,397 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jb Real Estate Group

Listing Agent's Description

BEAUTIFULLY updated home on a private cul-de-sac in sought after Park Glen! A flexible floor plan allows this home to be tailored to your needs. Tile downstairs and wood floors upstairs! Recent updates kitchen--painting, lighting, granite counters and sink '20, new floors and paint '17-'18, bathrms '18, HVAC one in '08 other in '16, new roof '18. Flex room up currently a second office, could be an additional bedroom if needed. Upstairs bedrooms are nicely sized with ample closet space. Master with lovely ensuite bath. Multiple deck areas in the backyard! Set up perfectly for entertaining or just being out with family. Low maintenance yard with self-sufficient plants means more time to relax. Come and see today!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Park Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Park Glen

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
Parkwood Hill Intermediate School Primary Regular 1,070 57 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Parkwood Hill Intermediate School

  • Education Level: Primary
  • # of students: 1,070
  • # of teachers: 57
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,052
Property Tax -$653
Property Insurance -$166
HOA -$6
Property Management Fees -$99
CASH FLOW
-$35

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.

$285,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,942

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9404$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 8009 Redwood Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.81
    •  
  • 5445 Lake Powell Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1993
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 5353 Fort Concho Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 1989
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
  • 7790 Arcadia Trail Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,396 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,396 Sqft ∙ Built 1992
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.81
    •  
  • 4820 Grainger Trail Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1997
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
PROPERTY LISTING DETAILS
Edi Mendoza
Jb Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463392
Last Updated: 11/01/2020
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