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8170 Scharmel Lane Fort Worth, TX 76126

4 Beds 2 Baths 2,395 sqft Built 2021

$374,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $156.16
  • 5 Days on Market
  • MLS # : 14495223
  • Updated Date : 01/09/2021 at 11:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,395 sqft
  • Baths : 2 full
Listing Agent

Ready Real Estate Llc

Listing Agent's Description

NEW CONSTRUCTION! Under Construction. Completed first of 2021. Beautiful patio views from this Ascott Model built by R. Sterling Homes. Come take a tour before it's off the market. Home located in the sought out community of Pyramid Acres! This 4 bedroom, Study or Flex room, 2 bath, has a bright open floor plan that you will love! Kitchen features large island with custom cabinets, built in microwave. The kitchen is open to the living area with a beautiful wood burning fireplace. Master retreat with separate shower and walk in closet. Oversized garage with plenty of storage space.

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

Zip Code: 76126

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k476k

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

Zip Code: 76126

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
Westpark Elementary School Primary Regular 484 25 8
Benbrook Middle High School Middle Regular 911 59 5
Benbrook Middle High School High Regular 911 59 5

Westpark Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 25
8
GreatSchools Rating

Benbrook Middle High School

  • Education Level: Middle
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating

Benbrook Middle High School

  • Education Level: High
  • # of students: 911
  • # of teachers: 59
5
GreatSchools Rating
 

$336,600$411,400$374,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,299
Property Tax -$857
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
-$481

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$374,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$101,110

INVESTMENT

$101,110

Down Payment
$93,500
Rehab Estimate
$2,000
Closing Costs
$5,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,500
Loan Amount $280,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$36

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,419

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,940
1$1,9402$2,3003$2,3954$2,3955$2,395
$2,395
RENT COMPS ANALYSIS
  • 8170 Scharmel Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,395 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,395 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.81
    •  
  • 5328 Ethel Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2019
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 8044 Sumerlin Court Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2019
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 8150 Money Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2020
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 5580 Sheilagh Place Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,370 Sqft ∙ Built 2018
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
PROPERTY LISTING DETAILS
Elizabeth Freese
Ready Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495223
Last Updated: 01/09/2021
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