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8424 Steel Dust Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,600 sqft Built 2020

$259,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $161.88
  • 2 Days on Market
  • MLS # : 14537049
  • Updated Date : 03/20/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Worldwide

Listing Agent's Description

Charming craftsman style home located in the popular Quarter Horse Estates. Why wait to build, this desirable floorplan is ready to go and still has a builders warranty in place. This home features three bedrooms plus an optional fourth bedroom or study. Spacious master with large walk in closet. Fenced back yard with covered patio that has an east orientation for enjoying summer evening barbecues. Inside boast granite counter tops, energy efficient kitchen appliances including a refrigerator, designer colors and home security system with cameras and monitor.

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.
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$900
Property Tax -$594
Property Insurance -$120
HOA -$4
Property Management Fees -$99
CASH FLOW
-$106

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.

$259,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.62%

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$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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,635

INVESTMENT

$70,635

Down Payment
$64,750
Rehab Estimate
$2,000
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,5953$1,6104$1,6355$1,700
$1,700
RENT COMPS ANALYSIS
  • 8424 Steel Dust Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.01
    •  
  • 8604 Gray Shale Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2009
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.03
    •  
  • 8657 Boswell Meadows Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 8517 Three Bars Drive Fort Worth, TX 4
    • 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
    •  
  • 8409 Shallow Creek Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 2008
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
PROPERTY LISTING DETAILS
Angie Yates
Berkshire Hathawayhs Worldwide
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537049
Last Updated: 03/20/2021
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