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8304 Cutter Hill Avenue Fort Worth, TX 76134

4 Beds 3 Baths 2,527 sqft Built 2006

$259,500

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $102.69
  • 3 Days on Market
  • MLS # : 14508884
  • Updated Date : 01/29/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,527 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Achievers

Listing Agent's Description

Fabulously updated handsome two story home with all new interior and exterior paint, new carpet, updated laminate and tile flooring. Two spacious living and dining areas with open concept and striking fireplace. Huge kitchen and half bath down. All bedrooms upstairs, spacious and plenty of walk in closets. Master suite has sitting area or office space for working at home! Secondary bedrooms are large too and hall bath has updated walk in shower bath. In the fenced back yard there is a large storage building and no backyard neighbors affording wonderful privacy. Great neighborhood easy access to I 35 near shopping and Home Depot .

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: Brookwood Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Brookwood Park

NeighborhoodNIR 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
E. Ray Elementary School Primary Regular 515 30 5
Charles Baxter Junior High School Middle Regular 855 56 6
Everman Joe C. Bean High School High Regular 1,372 92 4

E. Ray Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 30
5
GreatSchools Rating

Charles Baxter Junior High School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 56
6
GreatSchools Rating

Everman Joe C. Bean High School

  • Education Level: High
  • # of students: 1,372
  • # of teachers: 92
4
GreatSchools Rating
 

$233,550$285,450$259,500

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$901
Property Tax -$595
Property Insurance -$173
Property Management Fees -$99
CASH FLOW
-$148

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.

$259,500

PROJECTED PRICE

$1,620

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$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$74,518

INVESTMENT

$74,518

Down Payment
$64,875
Rehab Estimate
$5,750
Closing Costs
$3,893

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$901

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,875
Loan Amount $194,625
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6203$1,7004$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 8304 Cutter Hill Avenue Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.64
    •  
  • 348 Blairwood Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2007
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 8512 Prairie Wind Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 2004
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 8508 Prairie Wind Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,644 Sqft ∙ Built 2004
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.64
    •  
  • 8308 Cutter Hill Avenue Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2006
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
PROPERTY LISTING DETAILS
Robert Renfro
Re/max Achievers
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508884
Last Updated: 01/29/2021
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