Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8317 Buck Mountain Pass Fort Worth, TX 76179

5 Beds 3 Baths 2,501 sqft Built 2021

$297,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $119.11
  • 4 Days on Market
  • MLS # : 14513302
  • Updated Date : 02/04/2021 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 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)
  • # 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)

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$268,110$327,690$297,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,035
Property Tax -$683
Property Insurance -$172
HOA -$4
Property Management Fees -$99
CASH FLOW
-$172

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.

$297,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.61%

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$80,944

INVESTMENT

$80,944

Down Payment
$74,475
Rehab Estimate
$2,000
Closing Costs
$4,469

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,035

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,475
Loan Amount $223,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,785

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,763

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,6994$1,7955$1,820
$1,820
RENT COMPS ANALYSIS
  • 8317 Buck Mountain Pass Fort Worth, TX 5
    • 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2021 5 beds 3 baths ∙ 2,501 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.73
    •  
  • 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
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.68
    •  
  • 4909 Wildcreek Way Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2005
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 4937 Parkview Hills Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.72
    •  
  • 4867 Creek Ridge Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2004
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.73
    •  
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 #: 14513302
Last Updated: 02/04/2021
BESbswy