Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8016 Hosta Way Fort Worth, TX 76123

4 Beds 4 Baths 2,217 sqft Built 2000

$239,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $108.21
  • 3 Days on Market
  • MLS # : 14486740
  • Updated Date : 12/18/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,217 sqft
  • Baths : 3 full , 1 half
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

This charming home located in Hulen Heights is ready for new owners! You are welcomed in the entryway with vaulted ceilings, the formal living and dining areas, with ample natural light pouring in throughout the home. Open floorplan includes spacious kitchen with center island, breakfast area, and workstation that overlooks the living area featuring built-ins and a fireplace. Master suite has bay windows, dual sinks, garden tub with separate shower and oversized walk-in closet. The spacious backyard is perfect for entertaining your guests! Neighborhood includes swimming pool & playground! Also, this property is just minutes from the Chisholm Trail Pkwy, Clearfork, & Waterside!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$885
Property Tax -$550
Property Insurance -$155
HOA -$40
Property Management Fees -$99
CASH FLOW
$111

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.

$239,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.77%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$21,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,785

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7593$1,7754$1,8155$1,840
$1,840
RENT COMPS ANALYSIS
  • 8016 Hosta Way Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,217 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,217 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.83
    •  
  • 8229 Cedarcrest Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 2003
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 8213 Cedarcrest Lane Fort Worth, TX 2
    • 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
    •  
  • 4513 Marguerite Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2004
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.82
    •  
  • 7974 Belladonna Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1999
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,815
    • $0.86
    •  
PROPERTY LISTING DETAILS
Laura Spann
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486740
Last Updated: 12/18/2020
BESbswy