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8429 Blue Violet Trail Fort Worth, TX 76123

4 Beds 3 Baths 2,495 sqft Built 2021

$271,924

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $108.99
  • 6 Days on Market
  • MLS # : 14464294
  • Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,495 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wendell Miller Realty

Listing Agent's Description

NEW LENNAR 4 bed 2.5 bath Sapphire II plan with covered patio! Features include brick exterior, study, formal dining, sprinkler system front & rear, full sod, rounded corners, 2CM Quartz countertops, gas range, SS appliances, 2 in. faux wood blinds, community pool! THIS HOME COMPLETE JANUARY 2021!!!

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: Primrose Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Primrose Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$244,732$299,116$271,924

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,003
Property Tax -$623
Property Insurance -$171
HOA -$30
Property Management Fees -$99
CASH FLOW
$323

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$271,924

PROJECTED PRICE

$2,250

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,060

INVESTMENT

$74,060

Down Payment
$67,981
Rehab Estimate
$2,000
Closing Costs
$4,079

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,003

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,981
Loan Amount $203,943
See What Happens When You Reinvest Cash Flow

10.75

YEARS SAVED

$53,046

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,2504$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 8429 Blue Violet Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 4717 Poplar Ridge Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,325 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,325 Sqft ∙ Built 2006
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 6409 Dove Chase Lane Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 2019
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 8249 Summerview Court Fort Worth, TX 4
    • 5 beds 4 baths ∙ 2,594 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,594 Sqft ∙ Built 2012
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 5817 Burgundy Rose Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2017
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Wendell Miller
Wendell Miller Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464294
Last Updated: 11/03/2020
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