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8820 Cold Harbor Street Fort Worth, TX 76123

4 Beds 2 Baths 1,744 sqft Built 2015

$225,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $129.01
  • 4 Days on Market
  • MLS # : 14473969
  • Updated Date : 11/19/2020 at 09:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

The Morine Group, Realtors

Listing Agent's Description

SHOWINGS START ON SATURDAY 11-21-20. Beautiful D.R. Horton home in Creekside Estates. This property has been well cared for and it shows! Great layout with 4 spacious bedrooms, nice size living area, large master walk-in closet, granite kitchen countertops, walk-in pantry, spacious backyard with a covered patio and covered front poarch entryway. Don't miss out on this gem, you will not be disappointed. It's your chance to own a new home just in time for the holidays! CISD is currently redistricting. School attendance zones may change. All information is deemed accurate but not guaranteed. Buyer and agent to verify all information. Masks are to be worn at all times and follow CDC guidelines.

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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: Creekside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $93k243k

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

Neighborhood: Creekside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8921734

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
North Crowley High School High Regular 2,442 148 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$830
Property Tax -$516
Property Insurance -$128
HOA -$12
Property Management Fees -$99
CASH FLOW
$35

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.

$225,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$14,549

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,604

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5453$1,5654$1,5655$1,620
$1,620
RENT COMPS ANALYSIS
  • 8820 Cold Harbor Street Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,744 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.93
    •  
  • 3105 Stonewall Lane Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1997
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 9145 Abaco Way Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.91
    •  
  • 9120 Abaco Way Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2016
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.92
    •  
  • 9148 Abaco Way Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,680 Sqft ∙ Built 2016
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lemesha Jackson
The Morine Group, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473969
Last Updated: 11/19/2020
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