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

8105 Amistad Court Fort Worth, TX 76137

4 Beds 2 Baths 2,368 sqft Built 2000

$290,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $122.47
  • 2 Days on Market
  • MLS # : 14461457
  • Updated Date : 11/07/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,368 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Keller ISD home in the popular Parkwood Estates neighborhood with easy access to I-35, 820, 377 & Arcadia Trail Park. Located on a quiet cul-de-sac, the home offers an updated kitchen with quartz countertops, modern backsplash, ceramic tile floor, stainless steel appliances, gas range & a skylight. Home provides an open split layout for easy entertaining, living and privacy for the owner’s suite. The separate 4th bedroom works well as an office for working from home. Relax in the privacy of the backyard with a custom built deck, outdoor seating. Plenty of room to play and entertain. Energy efficient Trane AC system and a RME HALO-LED in-duct, whole home air purification system. Roof replaced 2018.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Parkwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Parkwood Estates

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,070
Property Tax -$665
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$268

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.

$290,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.6%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,8503$1,8504$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 8105 Amistad Court Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,368 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,368 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.73
    •  
  • 5445 Lake Powell Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1993
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 5501 Milford Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 2000
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 5528 Amistad Street Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2000
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 8116 Ross Lake Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,369 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,369 Sqft ∙ Built 2000
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
PROPERTY LISTING DETAILS
Laura Salzman
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461457
Last Updated: 11/07/2020
BESbswy