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8109 Kurgan Trail Fort Worth, TX 76131

3 Beds 2 Baths 1,945 sqft Built 2017

$274,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $141.34
  • 4 Days on Market
  • MLS # : 14463531
  • Updated Date : 10/31/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,945 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

CHARMING SINGLE-STORY 3 BEDROOM, 2 BATHROOM BRICK HOME IN FORT WORTH! There are many memories to be made in this spacious home graced with a cozy fireplace and an open concept layout. The gourmet kitchen boasts gorgeous countertops, stainless steel appliances, and a large walk-in pantry. Unwind in the private primary suite featuring a separate shower, linen closet, and a walk-in closet. Relax on the spacious patio overlooking the lush backyard with plenty of room to play. Great location near Big Fossil Creek and Lasater Park! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,014
Property Tax -$630
Property Insurance -$140
HOA -$52
Property Management Fees -$99
CASH FLOW
-$245

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.

$274,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,087

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6903$1,6954$1,7455$1,800
$1,800
RENT COMPS ANALYSIS
  • 8109 Kurgan Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.87
    •  
  • 2324 Canchim Street Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2011
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 2441 Barzona Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 2308 Bermont Red Lane Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.90
    •  
  • 2409 Simmental Road Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2016
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463531
Last Updated: 10/31/2020
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