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816 Basket Willow Terrace Fort Worth, TX 76052

4 Beds 3 Baths 3,264 sqft Built 2019

$369,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $113.33
  • 2 Days on Market
  • MLS # : 14478034
  • Updated Date : 11/28/2020 at 21:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,264 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Stunning home in highly desirable Willow Ridge Estates in Northwest ISD! This open 2-story with all bedrooms on first level and huge Game Room on UL. Over $30K in upgrades on this nearly new home! Upgrades include 42 inch cabinets, Stone ground to ceiling fireplace, upgraded flooring and kitchen stonework. Incredible amount of storage space in this home. Kitchen is spectacular with SS appliances, Farm Sink, Silestone counters and BIG walk-in pantry. Master Suite is oversized and boasts a beautiful Master Bath with dual sinks, garden tub and huge walk-in closet. Home Command Center with built-in desk and Storage.Extended covered patio invites you to enjoy the outdoors. Ring Doorbell and Christmas Lights stay!

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Carl E. Schluter Elementary School Primary Regular 524 33 7
Chisholm Trail Middle School Middle Regular 899 64 7

Carl E. Schluter Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 33
7
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,365
Property Tax -$848
Property Insurance -$216
HOA -$27
Property Management Fees -$99
CASH FLOW
-$414

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$369,900

PROJECTED PRICE

$2,140

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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$100,024

INVESTMENT

$100,024

Down Payment
$92,475
Rehab Estimate
$2,000
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,146

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9504$2,1405$2,500
$2,500
RENT COMPS ANALYSIS
  • 816 Basket Willow Terrace Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,264 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,264 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.66
    •  
  • 10444 Turning Leaf Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2005
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.63
    •  
  • 10401 Hideaway Trail Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,038 Sqft ∙ Built 2005
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
  • 10512 Turning Leaf Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,045 Sqft ∙ Built 2005
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
  • 1152 Crest Breeze Drive Fort Worth, TX 5
    • 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,480 Sqft ∙ Built 2013
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
PROPERTY LISTING DETAILS
Sherri Neal
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478034
Last Updated: 11/28/2020
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