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8700 Tangleridge Drive Fort Worth, TX 76123

5 Beds 4 Baths 3,678 sqft Built 2010

$325,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $88.36
  • 3 Days on Market
  • MLS # : 14474548
  • Updated Date : 11/28/2020 at 10:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,678 sqft
  • Baths : 3 full , 1 half
Listing Agent

Stryve Realty

Listing Agent's Description

You have to see this amazing home built on an oversized lot with open kitchen, spacious floor plan that includes a media room, a gameroom and a study. Gourmet kitchen includes butler pantry, built-in stainless steel appliances, granite countertops, pot filler, island and a gas cooktop. Large main living area open to the kitchen - breakfast area. Also features crown molding & a metal spiral staircase. The large master bedroom is downstairs with neutral colors. The out door living area is awesome with lots of room for entertaining. Don't miss your chance own the wonderful home. MULTIPLE OFFERS Best & Final Due By 11-29-2020 by 5pm

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: Summer Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Summer Creek Ranch

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
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,199
Property Tax -$747
Property Insurance -$240
HOA -$48
Property Management Fees -$99
CASH FLOW
-$123

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.

$325,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.68%

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,170

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0953$2,1954$2,2005$2,210
$2,210
RENT COMPS ANALYSIS
  • 8700 Tangleridge Drive Fort Worth, TX 5
    • 5 beds 4 baths ∙ 3,678 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,678 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.60
    •  
  • 4675 Pine Grove Lane Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 2004
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.57
    •  
  • 4812 Barberry Tree Cove Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,712 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,712 Sqft ∙ Built 2006
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.56
    •  
  • 8457 Tangleridge Drive Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,661 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,661 Sqft ∙ Built 2002
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.60
    •  
  • 4325 Annalea Drive Fort Worth, TX 4
    • 5 beds 3 baths ∙ 3,508 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,508 Sqft ∙ Built 2007
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.63
    •  
PROPERTY LISTING DETAILS
Shawn Buck
Stryve Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474548
Last Updated: 11/28/2020
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