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8808 Night Wind Lane Fort Worth, TX 76244

4 Beds 3 Baths 2,617 sqft Built 2011

$305,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $116.55
  • 3 Days on Market
  • MLS # : 14527314
  • Updated Date : 03/06/2021 at 15:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,617 sqft
  • Baths : 3 full
Listing Agent

Real

Listing Agent's Description

MULTIPLE OFFERS- Final offers due no later than 6:00pm on Sunday 7th. Stunning 4 bedroom 3 bath home located in Keller ISD! Versatile floor plan which offers open living, kitchen and breakfast area with beautiful hardwood floors, large kitchen island, granite countertops, stainless steel appliances, and ample storage. Spacious master suite and secondary bedroom with full bath are located on first floor, as well as an adjoining area that is ideal for formal dining, study or another living area. Second floor has 2 bedrooms with walk in closets and an oversized living, game area. Walking distance to neighborhood pool and ponds and conveniently located near major shopping and dining attractions.

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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,059
Property Tax -$699
Property Insurance -$178
HOA -$33
Property Management Fees -$99
CASH FLOW
$11

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.

$305,000

PROJECTED PRICE

$2,080

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,074

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0803$2,0954$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 8808 Night Wind Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.79
    •  
  • 4224 Cave Cove Court Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1999
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 9037 Golden Sunset Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2005
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 3944 Diamond Ridge Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2003
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 8555 Birch Creek Road Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 1999
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
PROPERTY LISTING DETAILS
William Mueller
Real
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527314
Last Updated: 03/06/2021
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