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

8432 Gentian Drive Fort Worth, TX 76123

4 Beds 3 Baths 2,187 sqft Built 2014

$275,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $125.74
  • 3 Days on Market
  • MLS # : 14472732
  • Updated Date : 11/28/2020 at 13:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,187 sqft
  • Baths : 3 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

Well kept one owner home built by Lennar Home. Greeting with an upgraded front door with iron work and beautiful shaded glass. High ceiling in living area.Formal dining. 4 bedroom and 3 full baths. Master bedroom and one bedroom downstairs. Game room upstairs. Gas fireplace. All stainless steel appliances with rounded corners granite countertops. Exterior has beautiful upgrade garden brick & stone work. Sprinkler system front & rear. Back covered patio with upgrade storm door. Extended upgraded backyard stained fence with kickboard that is less than a year old. 2 inches faux wood blinds. Ceiling fans. Two attached rear entrance garages. Community pool, club house. Easy access to highway, stores and businesses.

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: 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,015
Property Tax -$630
Property Insurance -$154
HOA -$30
Property Management Fees -$99
CASH FLOW
-$158

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.

$275,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.64%

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) 8.00%
Vacancy 6.93%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,903

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7703$1,7754$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 8432 Gentian Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.81
    •  
  • 5861 Fir Tree Lane Fort Worth, TX 1
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 2011
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.84
    •  
  • 9324 Horsemanship Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2017
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.86
    •  
  • 5840 Dew Plant Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 6548 Longhorn Herd Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 2017
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
PROPERTY LISTING DETAILS
Quan Thang
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472732
Last Updated: 11/28/2020
BESbswy