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

8513 Thicket Court Fort Worth, TX 76123

5 Beds 4 Baths 3,327 sqft Built 2002

$279,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $83.86
  • 3 Days on Market
  • MLS # : 14477866
  • Updated Date : 11/27/2020 at 21:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,327 sqft
  • Baths : 3 full , 1 half
Listing Agent

6th Ave Homes

Listing Agent's Description

Wonderful spacious home with a huge backyard featuring a bbq area with a built in grill and a hot tub that conveys! This 5 bedroom 3.5 bath home has plenty of space for everyone! The master bedroom is located downstairs and there's an additional bonus room upstairs that can be used as a second living room or it would make a great game room. This home is located at the end of a cul-de-sac in a quiet neighborhood with a great community pool to enjoy during our long Texas summers. Come take a look today and make it your own!

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: Summer Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Summer Creek Ranch

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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,029
Property Tax -$642
Property Insurance -$219
HOA -$96
Property Management Fees -$99
CASH FLOW
-$145

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.

$279,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $2,054

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,940
1$1,9402$2,0003$2,0004$2,1955$2,375
$2,375
RENT COMPS ANALYSIS
  • 8513 Thicket Court Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,327 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,327 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.58
    •  
  • 4675 Pine Grove Lane Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.57
    •  
  • 8033 Pretoria Place Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,207 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,207 Sqft ∙ Built 2004
    property image
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.62
    •  
  • 8457 Tangleridge Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,661 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,661 Sqft ∙ Built 2002
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.60
    •  
  • 5001 Pallas Court Fort Worth, TX 5
    • 5 beds 4 baths ∙ 3,499 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,499 Sqft ∙ Built 2007
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.68
    •  
PROPERTY LISTING DETAILS
Ashley Melton
6th Ave Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477866
Last Updated: 11/27/2020
BESbswy