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8016 Moss Rock Drive Fort Worth, TX 76123

3 Beds 2 Baths 1,599 sqft Built 1988

INVESTimate

$170,000

List Price

$1,360

$1,224 - $1,496

Rent Est.

$185,997  ( +9.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $106.32
  • 7 Days on Market
  • MLS # : 14417226
  • Updated Date : 08/25/2020 at 19:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,599 sqft
  • Baths : 2 full
Listing Agent

Jb Real Estate Group

Listing Agent's Description

Knock, knock - here is your opportunity! Conveniently located in established neighborhood, this 3 bed 2 bath home features a split bedroom layout with niced sized owner's retreat at rear. The focal point of the spacious living room is a wood-burning fireplace with built-ins. Eat-in kitchen has bay window at breakfast nook, and access to the covered patio and large backyard for outdoor fun and grilling with family and friends. There is a separate utility room for your washer and dryer, and an oversized 2 car garage which is great for parking and storage. See it quickly, as this one will be gone!

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 Springs Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Hulen Springs Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8911734

* 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
Jackie Carden Elementary School Primary Regular 485 36 5
Crowley Middle School Middle Regular 615 45 4
North Crowley High School High Regular 2,442 148 4

Jackie Carden Elementary School

  • Education Level: Primary
  • # of students: 485
  • # of teachers: 36
5
GreatSchools Rating

Crowley Middle School

  • Education Level: Middle
  • # of students: 615
  • # of teachers: 45
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$627
Property Tax -$403
Property Insurance -$120
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 14% of earned rent to cover both maintenance and periods of vacancy.

$170,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.41%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$18,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,351

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3953$1,3994$1,4955$1,549
$1,549
RENT COMPS ANALYSIS
  • 8016 Moss Rock Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.85
    •  
  • 7652 Parkwood Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1979
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 3970 Fox Trot Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.83
    •  
  • 4220 Sweetgum Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1980
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 4417 Sweetgum Way Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1983
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.89
    •  
PROPERTY LISTING DETAILS
John Brooks
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 #: 14417226
Last Updated: 08/25/2020
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