Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8833 Valley River Drive Fort Worth, TX 76244

3 Beds 3 Baths 2,070 sqft Built 2010

$264,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $127.97
  • 2 Days on Market
  • MLS # : 14532413
  • Updated Date : 03/12/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,070 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tong-parsons Realty

Listing Agent's Description

Keller ISD!! Beautiful, well kept home in Valley Brook! Just a short distance you'll find the community pool, park, and basket ball court. Living room with wood burning fireplace, open kitchen layout with tall cabinets, plenty of cabinet space, breakfast bar and tile flooring, large utility room and pantry for storage. Second living area upstairs is functional and would make a great game or play room. All bedroom and closets are spacious. Good size backyard.

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: Valley Brook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Valley Brook

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
Friendship Elementary School Primary Regular 545 38 7
Central High School High Regular 2,573 140 8
Central High School High Unknown NA

Friendship Elementary School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 38
7
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$920
Property Tax -$607
Property Insurance -$147
HOA -$29
Property Management Fees -$99
CASH FLOW
-$23

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.

$264,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.67%

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-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,7803$1,8254$1,8505$2,045
$2,045
RENT COMPS ANALYSIS
  • 8833 Valley River Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.86
    •  
  • 5932 Haven Lake Way Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2010
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.91
    •  
  • 5800 Valley Haven Way Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2012
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.91
    •  
  • 5809 Valley Haven Way Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,982 Sqft ∙ Built 2012
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 8820 Valley River Drive Fort Worth, TX 5
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2009
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.98
    •  
PROPERTY LISTING DETAILS
Shelley Wang
Tong-parsons Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532413
Last Updated: 03/12/2021
BESbswy