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8525 Sunset Cove Court Fort Worth, TX 76179

4 Beds 4 Baths 3,102 sqft Built 2003

$389,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $125.40
  • 3 Days on Market
  • MLS # : 14488763
  • Updated Date : 01/01/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,102 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Ftworth

Listing Agent's Description

Immaculate, pristine, pride of ownership, and move in ready all describe this home. This house has been amazingly well kept. All upgrades complete and no detail untouched. Finishes are all HIGH quality. Large open floor plan with primary bedroom downstairs. 4 bedrooms, 3 living areas, dining room and a study complete this floor plan. Upgraded carpet, fresh paint, remodeled baths, plantation shutters, tankless hot water heaters, water purifier, custom garage floor, updated kitchen, new hardwood floors, iron staircase rail and so much more. If you are looking for low maintenance and close to the lake this home is for you. The gated entrance provides privacy and the community dock has fishing.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Lake Country

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Lake Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192196

* 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
Eagle Mountain Elementary School Primary Regular 583 32 6
Wayside Middle School Middle Regular 943 52 6
Boswell High School High Regular 1,605 106 7

Eagle Mountain Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 32
6
GreatSchools Rating

Wayside Middle School

  • Education Level: Middle
  • # of students: 943
  • # of teachers: 52
6
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,435
Property Tax -$892
Property Insurance -$206
HOA -$85
Property Management Fees -$99
CASH FLOW
-$177

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.

$389,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,551

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,1003$2,5404$2,5955$2,850
$2,850
RENT COMPS ANALYSIS
  • 8525 Sunset Cove Court Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,102 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,102 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.82
    •  
  • 6049 Deck House Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.71
    •  
  • 6025 Clipper Lane Fort Worth, TX 2
    • 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 8520 Stonebrook Court Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1988
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.93
    •  
  • 9250 Westwood Shores Court Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 1994
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Danielle Farr
Keller Williams Realty Ftworth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488763
Last Updated: 01/01/2021
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