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8217 Fall Crest Drive Fort Worth, TX 76053

4 Beds 2 Baths 1,968 sqft Built 2007

$280,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $142.28
  • 3 Days on Market
  • MLS # : 14485075
  • Updated Date : 12/12/2020 at 10:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,968 sqft
  • Baths : 2 full
Listing Agent

Indwell

Listing Agent's Description

Beautiful Casa Linda home in a prime location! Our wildly popular model home floor plan with the addition of a 4th bedroom. Kitchen island and tile backsplash, oversize tile floors, wood-burning fireplace, covered patio, fenced backyard. Detailing normally found in much more expensive homes includes custom cabinetry and moldings, arched entryways and rounded 'bullnose' sheetrock corners. Come see!

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

Neighborhood: Lakes of River Trails North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: Lakes of River Trails North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9852171

* 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
Hurst Hills Elementary School Primary Regular 521 34 8
Hurst Hills Elementary School Middle Regular 521 34 8
Hurst Junior High School High Regular 1,052 60 7

Hurst Hills Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 34
8
GreatSchools Rating

Hurst Hills Elementary School

  • Education Level: Middle
  • # of students: 521
  • # of teachers: 34
8
GreatSchools Rating

Hurst Junior High School

  • Education Level: High
  • # of students: 1,052
  • # of teachers: 60
7
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,033
Property Tax -$642
Property Insurance -$141
HOA -$10
Property Management Fees -$99
CASH FLOW
-$45

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.

$280,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,889

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8803$1,9004$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 8217 Fall Crest Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.96
    •  
  • 8600 Pedernales Trail Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1987
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 8234 Winter Falls Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2006
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 8324 Winter Falls Trail Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2005
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 8348 Fall Crest Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2005
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
PROPERTY LISTING DETAILS
Will Wright
Indwell
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485075
Last Updated: 12/12/2020
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