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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.

$79,685

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.7%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.6%
Cash Flow	-$1,740
Value Increase	$19,164

10 YEAR

Cash On Cash	-5.1%
Total Return	9.5%

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!

8599 Thicket Ct

Fort Worth, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

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)

Neighborhood: Summer Creek Ranch

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

Neighborhood: Summer Creek Ranch

* 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

GreatSchools Rating

Sue Crouch Intermediate School

Education Level: Middle
# of students: 501
# of teachers: 27

GreatSchools Rating

North Crowley High School

Education Level: High
# of students: 2,442
# of teachers: 148

GreatSchools Rating

FINANCIALS

Learn how to read this

$251,100$306,90000$279,000

PURCHASE PRICE

$1,746$2,13400$1,940

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

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

4.25%

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

3,327
PROPERTY SQFT
$0.62
AVG RENT PER SQFT
$2,054
ESTIMATED VALUE
$1,940
LIST RENT

8513 Thicket Court Fort Worth, TX 2

5 beds 4 baths ∙ 3,327 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,327 Sqft ∙ Built 2002
Price

Price Per SQFT

$279,000

$83.86
3921 Winter Springs Drive Fort Worth, TX 1

5 beds 4 baths ∙ 3,191 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,191 Sqft ∙ Built 2004
SOLD 07/31/20
Price

Price Per SQFT

$249,999

$78.35
8317 Rocky Court Fort Worth, TX 3

5 beds 3 baths ∙ 3,414 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,414 Sqft ∙ Built 2001
SOLD 07/14/20
Price

Price Per SQFT

$289,900

$84.92
4672 Ardenwood Drive Fort Worth, TX 4

5 beds 3 baths ∙ 3,266 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,266 Sqft ∙ Built 2011
SOLD 07/28/20
Price

Price Per SQFT

$320,000

$97.98
4721 Ardenwood Drive Fort Worth, TX 5

4 beds 4 baths ∙ 3,313 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,313 Sqft ∙ Built 2014
SOLD 10/22/20
Price

Price Per SQFT

$330,000

$99.61

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
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
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
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
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
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

8513 Thicket Court Fort Worth, TX 76123

$279,000

$1,940

$79,685

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Sue Crouch Intermediate School

Sue Crouch Intermediate School

North Crowley High School

FINANCIALS

$251,100$306,90000$279,000

$1,746$2,13400$1,940

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$279,000

$1,940

0.70%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,029

1.67

$3,705

$279,000

$83.86

$300,145

$90.22

COMPS RANGE

PRICE COMPS ANALYSIS

$1,940

$0.58

$2,054

$0.62

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS