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8104 Mount Shasta Circle Fort Worth, TX 76137

4 Beds 3 Baths 2,779 sqft Built 1997

$310,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $111.55
  • 5 Days on Market
  • MLS # : 14472751
  • Updated Date : 11/20/2020 at 09:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,779 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kennedy & Co. Realty, Llc

Listing Agent's Description

Lovely 2 story 1 owner home in the beautiful Park Glen addition. Great flowing floorplan that boasts formal living and dining areas, main living open to breakfast area and kitchen. Additional Den-study-living on first floor. All bedrooms up with a a bonus flex-game room. Walk in closets. This property has been freshly updated with beautiful granite counters, luxury vinyl wood flooring, etc. Easy access to schools and shopping. 5-8 are within walking distance of the home. Truly a flexible floorplan. Take a look today!

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: 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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,144
Property Tax -$711
Property Insurance -$188
HOA -$6
Property Management Fees -$99
CASH FLOW
-$177

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.

$310,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.64%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,001

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9703$1,9954$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 8104 Mount Shasta Circle Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.71
    •  
  • 7762 Teal Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1995
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.70
    •  
  • 8008 Rushmore Road Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,802 Sqft ∙ Built 1993
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.71
    •  
  • 8232 Mount Shasta Circle Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 1996
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
  • 5463 Blue Water Lake Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2001
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.73
    •  
PROPERTY LISTING DETAILS
Patrick Kennedy
Kennedy & Co. Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472751
Last Updated: 11/20/2020
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