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8640 Boswell Meadows Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,750 sqft Built 2007

$237,500

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $135.71
  • 2 Days on Market
  • MLS # : 14511930
  • Updated Date : 02/13/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

Rj Williams & Company Re Llc

Listing Agent's Description

This is a 3 bedroom 2 bath home that is situated in the heart of Saginaw. it is Close to schools, shopping centers and the highway. Seller is original owner and the tax footage does not reflect actual footage of the home. This home also. has a updated HVAC system less than two years old. Buyer and buyers agent to verify footage and schools.

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

Neighborhood: Boswell Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Boswell Meadows

NeighborhoodNIR 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
Bryson Elementary School Primary Regular 473 34 5
Boswell High School High Regular 1,605 106 7
Bryson Elementary School Primary Unknown NA

Bryson Elementary School

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 34
5
GreatSchools Rating

Boswell High School

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

Bryson Elementary School

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

$213,750$261,250$237,500

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$825
Property Tax -$544
Property Insurance -$128
HOA -$11
Property Management Fees -$99
CASH FLOW
$52

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.

$237,500

PROJECTED PRICE

$1,660

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,688

INVESTMENT

$68,688

Down Payment
$59,375
Rehab Estimate
$5,750
Closing Costs
$3,563

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$825

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,375
Loan Amount $178,125
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$13,675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,5954$1,6005$1,660
$1,660
RENT COMPS ANALYSIS
  • 8640 Boswell Meadows Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.95
    •  
  • 8608 Gray Shale Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2009
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 8652 Star Thistle Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2009
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 8605 Gray Shale Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2009
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 8645 Star Thistle Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2010
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Pedro Juarez
Rj Williams & Company Re Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511930
Last Updated: 02/13/2021
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