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8712 Heliotrope Lane Fort Worth, TX 76131

3 Beds 2 Baths 1,808 sqft Built 2020

$302,824

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $167.49
  • 3 Days on Market
  • MLS # : 14483216
  • Updated Date : 01/08/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,808 sqft
  • Baths : 2 full
Listing Agent

Escape Realty

Listing Agent's Description

Built by M-I Homes - Spacious one-story floor plan has everything you need. Enter the spacious foyer, adjoined to the entry is a bright and spacious study for a private workspace. Enjoy impressive features throughout the home such as granite counter tops at kitchen, a spacious kitchen island, and tile throughout the common area for ultimate durability and comfort. Two bedrooms mirroring each other across a shared full bathroom. Enter your beautiful owner's suite, with an optional extended bay window, with the owner's bath retreat, complete with a walk-in closet, double vanities, and a walk-in shower with ceramic tile surround and garden tub. Enjoy a relaxing night in your back yard on the large covered patio.

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$272,542$333,106$302,824

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,052
Property Tax -$734
Property Insurance -$132
HOA -$54
Property Management Fees -$99
CASH FLOW
-$281

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$302,824

PROJECTED PRICE

$1,790

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 3.00%
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$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,248

INVESTMENT

$82,248

Down Payment
$75,706
Rehab Estimate
$2,000
Closing Costs
$4,542

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,706
Loan Amount $227,118
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,817

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7903$1,7954$1,8255$1,850
$1,850
RENT COMPS ANALYSIS
  • 8712 Heliotrope Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.99
    •  
  • 141 Mossy Oak Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2019
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 244 Wild Onion Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2020
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 8425 Artesian Springs Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2018
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.00
    •  
  • 9300 Flying Eagle Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Cassian Bernard
Escape Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483216
Last Updated: 01/08/2021
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