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8528 Pinewood Drive Fort Worth, TX 76123

4 Beds 3 Baths 2,323 sqft Built 2017

INVESTimate

$345,000

List Price

$2,090

$1,881 - $2,299

Rent Est.

$370,357  ( +7.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $148.51
  • 6 Days on Market
  • MLS # : 14417764
  • Updated Date : 08/21/2020 at 14:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,323 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fraser Realty

Listing Agent's Description

SOARING CEILINGS will WOW you as you walk into this gorgeous home. Upgrades to the First Texas Homes Seville model include plantation shutters on all windows, hardwood floors in living and dining rooms, 8-ft doors throughout the entire home, a butler's pantry, crown moulding, double oven, SS stove exhaust vent, quartz kitchen counters, premium lot with spectacular views, half bath, stone and brick elevation, and an extended front porch. The backporch is the perfect outdoor living area. Take the stone path to the fire pit for a perfect evening of relaxation enjoying the vista.

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

Zip Code: 76123

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76123

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,273
Property Tax -$791
Property Insurance -$161
HOA -$30
Property Management Fees -$99
CASH FLOW
-$264

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$345,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,073

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0453$2,0904$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 8528 Pinewood Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.90
    •  
  • 6548 Longhorn Herd Lane Fort Worth, TX 1
    • 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
    •  
  • 8425 Sweet Flag Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2018
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.91
    •  
  • 8340 Blue Periwinkle Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2015
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 6409 Dove Chase Lane Fort Worth, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Juliana Bowman
Fraser Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417764
Last Updated: 08/21/2020
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