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8025 Cedar Lake Lane Fort Worth, TX 76123

4 Beds 3 Baths 2,366 sqft Built 2013

$245,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $103.55
  • 2 Days on Market
  • MLS # : 14481617
  • Updated Date : 12/05/2020 at 21:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,366 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This gorgeous brick & stone traditional 4 bedroom, 2.1 bath, 2 car garage home has 20 ft ceilings & an iron spindled staircase. The staircase leads to secondary bedrooms. There is a peek-a-boo opening in the Game room with a half wall seeing to the downstairs. Kitchen upgrades includes new granite counters, dark cabinets, under mount sink, ceramic tile, & stainless appliances. New hard wood floors and all new bathroom countertops. Ceiling fans, two AC units regularly serviced. Attention to detail when building this home included rounded corners, arches, & art niches. Private covered backyard patio and solar back lighting. Seller will convey refrigerator. Buyer and Buyer Agent to verify all dimensions.

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: Villages of Sunset Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Villages of Sunset Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191875

* 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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$904
Property Tax -$630
Property Insurance -$164
HOA -$43
Property Management Fees -$99
CASH FLOW
$90

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.

$245,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.1%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$19,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9303$1,9954$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 8025 Cedar Lake Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.82
    •  
  • 5508 Meadow Valley Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 2003
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 5840 Dew Plant Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 5817 Burgundy Rose Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2017
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 6409 Dove Chase Lane Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 2019
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
PROPERTY LISTING DETAILS
Carolyn Little
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481617
Last Updated: 12/05/2020
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