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8812 Saranac Trail Fort Worth, TX 76118

3 Beds 2 Baths 1,787 sqft Built 2000

$289,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $161.72
  • 2 Days on Market
  • MLS # : 14481346
  • Updated Date : 12/05/2020 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,787 sqft
  • Baths : 2 full
Listing Agent

Turner Fortune Real Estate Llc

Listing Agent's Description

Charming Home with bright and open floorplan, a wonderful kitchen with stainless appliances, island counter and breakfast bar open to large living area with a cozy fireplace. Home features a split bedroom arrangement, a large master with ensuite bath, his and hers vanities, a separate shower and soaker tub and a great built in closet system. The incredible backyard oasis with gorgeous pool and cabana provides an awesome area to relax and entertain outdoors. Roof is only 3 years old, HVAC is only 5 years old. Great location to Dallas and Fort Worth area. This is a must see......

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: River Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: River Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8782171

* 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
River Trails Elementary School Primary Regular 621 32 8
River Trails Elementary School Middle Regular 621 32 8
Hurst Junior High School High Regular 1,052 60 7

River Trails Elementary School

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 32
8
GreatSchools Rating

River Trails Elementary School

  • Education Level: Middle
  • # of students: 621
  • # of teachers: 32
8
GreatSchools Rating

Hurst Junior High School

  • Education Level: High
  • # of students: 1,052
  • # of teachers: 60
7
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,066
Property Tax -$663
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
-$198

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.

$289,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,783

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,655
1$1,6552$1,7503$1,7604$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 8812 Saranac Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,787 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.98
    •  
  • 9033 San Joaquin Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1995
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,655
    • $0.98
    •  
  • 2717 Salado Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1986
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 8725 Creede Trail Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 1998
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 9008 River Trails Boulevard Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2001
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.06
    •  
PROPERTY LISTING DETAILS
Lori Turner
Turner Fortune Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481346
Last Updated: 12/05/2020
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