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

8601 Muir Drive Fort Worth, TX 76244

3 Beds 2 Baths 1,340 sqft Built 2004

$212,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $158.21
  • 3 Days on Market
  • MLS # : 14507649
  • Updated Date : 03/06/2021 at 20:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,340 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Welcome to a well-built, well-maintained, one-owner home in Keller ISD! Enter the home into a cozy yet inviting living room complete with wood floors, wood-burning fireplace, and hearth. Move towards the kitchen where a flex space provides the versatility to make it whatever best suits your needs. Head to the back of the house to find all three bedrooms plus a separate utility room. The large kitchen has plenty of space to entertain family and friends post pandemic while the breakfast room area overlooks the peaceful backyard. Retreat outside and relax under the wood pergola that was installed in 2020. Perfect for any stage of life, this home with its new roof and gutters in 2020 is ready for its next owners!

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: Arcadia Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Arcadia Park

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
Heritage Elementary School Primary Regular 580 42 4
Fossil Ridge High School High Regular 2,308 133 7
Fossil Ridge High School High Unknown NA

Heritage Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 42
4
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$190,800$233,200$212,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$736
Property Tax -$486
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
$14

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.

$212,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,930

INVESTMENT

$61,930

Down Payment
$53,000
Rehab Estimate
$5,750
Closing Costs
$3,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,000
Loan Amount $159,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$9,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,350

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5453$1,5504$1,5505$1,645
$1,645
RENT COMPS ANALYSIS
  • 8601 Muir Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.07
    •  
  • 8065 Cannonwood Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1997
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.01
    •  
  • 8612 Rainy Lake Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2001
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 8737 Muir Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2001
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 3924 Cane River Road Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2012
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.02
    •  
PROPERTY LISTING DETAILS
Amy Allen
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507649
Last Updated: 03/06/2021
BESbswy