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8112 Sunscape Lane Fort Worth, TX 76123

4 Beds 3 Baths 3,753 sqft Built 1996

$349,800

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $93.21
  • 3 Days on Market
  • MLS # : 14488215
  • Updated Date : 12/19/2020 at 08:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,753 sqft
  • Baths : 3 full
Listing Agent

Mary Margaret Davis, Broker

Listing Agent's Description

Esteemed Perry Home Summer Creek Addition! Phase III-newer than the other two phases! Beautiful community with no garages facing the streets! Former Perry Homes model floor plan; award winning design! Spacious rooms throughout! Many updates and upgrades! Granite counters and newer appliances! Oasis of a back yard with large pool with equipment updated in 2019! Surrounding deck plus an additional pergola and sitting area. Electric drive gate! NO carpet downstairs, either wood or tile! Full bath downstairs and a study OR guest sleeping area down! Two formals PLUS a gameroom up. Open family to breakfast and kitchen with large gas log FP. 4 bdrms, 2 baths and a game room up! Oversized garage for storage.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Summer Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Summer Creek

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
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
 

$314,820$384,780$349,800

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,291
Property Tax -$819
Property Insurance -$244
HOA -$13
Property Management Fees -$99
CASH FLOW
-$55

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.

$349,800

PROJECTED PRICE

$2,410

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,447

INVESTMENT

$98,447

Down Payment
$87,450
Rehab Estimate
$5,750
Closing Costs
$5,247

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,450
Loan Amount $262,350
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,015

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,327

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1953$2,2004$2,3755$2,410
$2,410
RENT COMPS ANALYSIS
  • 8112 Sunscape Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,753 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,753 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.64
    •  
  • 4675 Pine Grove Lane Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.57
    •  
  • 8457 Tangleridge Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,661 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,661 Sqft ∙ Built 2002
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.60
    •  
  • 4325 Annalea Drive Fort Worth, TX 3
    • 5 beds 3 baths ∙ 3,508 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,508 Sqft ∙ Built 2007
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.63
    •  
  • 5001 Pallas Court Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,499 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,499 Sqft ∙ Built 2007
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.68
    •  
PROPERTY LISTING DETAILS
Marymargaret Davis
Mary Margaret Davis, Broker
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488215
Last Updated: 12/19/2020
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