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8017 Jolie Drive Fort Worth, TX 76137

3 Beds 2 Baths 1,710 sqft Built 1997

$250,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $146.20
  • 6 Days on Market
  • MLS # : 14537479
  • Updated Date : 03/25/2021 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

It's all about LOCATION. Beautiful and well maintained 3 bedrooms, 2 baths, and 2 car garage home in the well sought Keller ISD. Great for first-time homebuyers and investors. Bungalow-style home in an established neighborhood. Updates include a lifetime transferrable foundation warranty, fresh paints, and a 10-year-old roof. Hurry, this home won't last long. The seller is ready to make a quick move, so we are accepting offers until March 26, 2021, at 5PM.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Summerfields

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8851734

* 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
Heritage Elementary School Primary Regular 580 42 4
Fossil Ridge High School High Regular 2,308 133 7
Fossil Ridge High School High Unknown NA

Heritage Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 42
4
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$868
Property Tax -$573
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
$14

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.

$250,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

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 $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,680

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6804$1,6855$1,695
$1,695
RENT COMPS ANALYSIS
  • 8017 Jolie Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.98
    •  
  • 8100 Jolie Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1997
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 8008 Jolie Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1997
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 7924 Firefly Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1986
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.97
    •  
  • 8109 Berkshire Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 1998
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
PROPERTY LISTING DETAILS
Margarette Belgica
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537479
Last Updated: 03/25/2021
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