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8217 Smokey Creek Pass Fort Worth, TX 76179

3 Beds 2 Baths 1,316 sqft Built 2020

$236,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

$64,779

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.5%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.1%
Cash Flow	-$3,924
Value Increase	$17,870

10 YEAR

Cash On Cash	-8.0%
Total Return	8.8%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

December 08, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2020
Price/Sqft : $180.02
6 Days on Market
MLS # : 14473648
Updated Date : 12/08/2020 at 15:50

CONSTRUCTION

Beds : 3
Floor Size : 1,316 sqft
Baths : 2 full

Listing Agent

Lgi Homes

Listing Agent's Description

The Blanco is a charming, single-story home now available in the beautiful community of Quarter Horse Estates. The Blanco showcases three impressively sized bedrooms, two full baths and a large, open family room. Enjoy thousands of dollars of included upgrades throughout the home such as granite countertops, energy-efficient kitchen appliances, designer wood-style flooring and more. The Blanco comes complete with a fully fenced backyard, covered back patio and professional front yard landscaping.

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Zip Code: 76179

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

Zip Code: 76179

* 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

GreatSchools Rating

Wayside Middle School

Education Level: Middle
# of students: 943
# of teachers: 52

GreatSchools Rating

Boswell High School

Education Level: High
# of students: 1,605
# of teachers: 106

GreatSchools Rating

FINANCIALS

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$213,210$260,59000$236,900

PURCHASE PRICE

$1,197$1,46300$1,330

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,330
EXPENSES	Loan Payment	-$874
	Property Tax	-$576
	Property Insurance	-$103
	HOA	-$4
	Property Management Fees	-$99



CASH FLOW -$327

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.

$236,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	7.5%
Maintenance Year (1-5)	3.00%
Vacancy	6.39%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$64,779

Down Payment	$59,225
Rehab Estimate	$2,000
Closing Costs	$3,554

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$874

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$59,225
Loan Amount	$177,675

See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$41

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,330
LIST RENT
$1.01
LIST RENT PER SQFT

$1,326
COMP ESTIMATED VALUE
$1.01
COMP AVG. RENT PER SQFT

Comps Range

$1,330

1$1,3302$1,4503$1,4954$1,5255$1,635

$1,635

RENT COMPS ANALYSIS

1,316
PROPERTY SQFT
$1.01
AVG RENT PER SQFT
$1,326
ESTIMATED VALUE
$1,330
LIST RENT

8217 Smokey Creek Pass Fort Worth, TX 5

3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020
Price

Price Per SQFT

$236,900

$180.02
8504 Steel Dust Drive Fort Worth, TX 1

3 beds 2 baths ∙ 1,236 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 2020
SOLD 07/24/20
Price

Price Per SQFT

$212,900

$172.25
8500 Steel Dust Drive Fort Worth, TX 2

3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020
SOLD 08/26/20
Price

Price Per SQFT

$222,900

$169.38
8516 Steel Dust Drive Fort Worth, TX 3

3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020
SOLD 07/27/20
Price

Price Per SQFT

$222,900

$169.38
8220 Steel Dust Drive Fort Worth, TX 4

3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020
SOLD 11/09/20
Price

Price Per SQFT

$225,900

$171.66

8217 Smokey Creek Pass Fort Worth, TX 1

3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$1,330

$1.01
5140 Waterview Court Fort Worth, TX 2

3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2006
LEASED 01/12/20
Rent

Rent Per SQFT

$1,450

$0.97
4808 Fishhook Court Fort Worth, TX 3

3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2001
LEASED 05/04/20
Rent

Rent Per SQFT

$1,495

$0.99
4521 Badlands Drive Fort Worth, TX 4

3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 2006
LEASED 03/03/20
Rent

Rent Per SQFT

$1,525

$1.04
8517 Three Bars Drive Fort Worth, TX 5

3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2006
LEASED 11/10/20
Rent

Rent Per SQFT

$1,635

$1.03

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 #: 14473648
Last Updated: 12/08/2020

8217 Smokey Creek Pass Fort Worth, TX 76179

$236,900

$1,330

$64,779

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Bryson Elementary School

Wayside Middle School

Boswell High School

FINANCIALS

$213,210$260,59000$236,900

$1,197$1,46300$1,330

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$236,900

$1,330

0.56%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$874

0.17

$41

$236,900

$180.02

$224,598

$170.67

COMPS RANGE

PRICE COMPS ANALYSIS

$1,330

$1.01

$1,326

$1.01

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS