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8213 Steel Dust Drive Fort Worth, TX 76179

5 Beds 3 Baths 2,501 sqft Built 2020

INVESTimate

$277,900

List Price

$1,770

$1,593 - $1,947

Rent Est.

$298,687  ( +7.48%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $111.12
  • 7 Days on Market
  • MLS # : 14415625
  • Updated Date : 08/20/2020 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,501 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Driftwood plan is a spacious, upgraded, two-story, five-bedroom home now available at Quarter Horse Estates. This home features an open layout, incredible upgrades all included, a downstairs master suite and four additional bedrooms on the second story. In addition, the Driftwood plan showcases a large, upstairs game room that can easily be used as a play room or extra sitting area. Hurry in this weekend to tour the highly sought-after Driftwood plan!

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: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

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
Bryson Elementary School Primary Regular 473 34 5
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Bryson Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 34
5
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$250,110$305,690$277,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,025
Property Tax -$676
Property Insurance -$172
HOA -$8
Property Management Fees -$99
CASH FLOW
-$210

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.

$277,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.48%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,644

INVESTMENT

$75,644

Down Payment
$69,475
Rehab Estimate
$2,000
Closing Costs
$4,169

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,475
Loan Amount $208,425
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7503$1,7704$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 8213 Steel Dust Drive Fort Worth, TX 3
    • 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.71
    •  
  • 4934 Wildcreek Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 2005
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.68
    •  
  • 6832 Valley Creek Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2005
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 4948 Creek Ridge Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2005
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 5244 Wheat Sheaf Trail Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2005
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415625
Last Updated: 08/20/2020
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