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8409 Star Thistle Drive Fort Worth, TX 76179

3 Beds 3 Baths 2,577 sqft Built 2008

$255,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $98.95
  • 4 Days on Market
  • MLS # : 14477624
  • Updated Date : 11/26/2020 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,577 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alist Real Estate Llc

Listing Agent's Description

Welcome to this Immaculate newly updated home on a quiet Cul-de Sac Lot. New 30-year GAF shingle roof! New Granite in the open kitchen with 42-inch cabinets and lots of storage. New tiles in kitchen, all bathrooms and laundry room. New Carpet! New light fixtures etc. Huge master bedroom with sitting area, his and her sinks with separate tub and shower. Huge walk-in pantry with laundry room. Big backyard. Nice location with short distance of schools, food and entertainment. Ready for move in and must see.

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

Neighborhood: Boswell Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Boswell Meadows

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
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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$941
Property Tax -$585
Property Insurance -$176
HOA -$12
Property Management Fees -$99
CASH FLOW
-$33

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$255,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

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$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,843

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7253$1,7804$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 8409 Star Thistle Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.69
    •  
  • 8625 Shallow Creek Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,285 Sqft ∙ Built 2011
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.73
    •  
  • 8613 Hawkview Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2006
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.74
    •  
  • 5244 Wheat Sheaf Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2005
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 8620 Star Thistle Drive Fort Worth, TX 5
    • 3 beds 4 baths ∙ 2,593 Sqft ∙ Built 2009 3 beds 4 baths ∙ 2,593 Sqft ∙ Built 2009
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
PROPERTY LISTING DETAILS
Zanchun Chen
Alist Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477624
Last Updated: 11/26/2020
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