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8924 Cold Harbor Street Fort Worth, TX 76123

4 Beds 2 Baths 1,819 sqft Built 2015

INVESTimate

$230,000

List Price

$1,530

$1,377 - $1,683

Rent Est.

$246,905  ( +7.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $126.44
  • 6 Days on Market
  • MLS # : 14418031
  • Updated Date : 08/23/2020 at 12:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,819 sqft
  • Baths : 2 full
Listing Agent

Texas Connect Realty, Llc

Listing Agent's Description

Don't miss out on this beautiful 4 bed 2 bath home! Upon entry you'll find the bonus room that could be an office, kids playroom, or possible 5th bedroom! Open concept kitch, dining, and living room. The kitchen offers granite countertops, a breakfast bar, and walk in pantry! Beautifully landscaped yard with covered front porch and covered back patio! This house won't last long! ***Open House- Saturday(8-22)11am-2pm; Sunday(8-23)12pm-2pm***

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$849
Property Tax -$527
Property Insurance -$132
HOA -$12
Property Management Fees -$99
CASH FLOW
-$89

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.

$230,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,673

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5453$1,5654$1,5655$1,695
$1,695
RENT COMPS ANALYSIS
  • 8924 Cold Harbor Street Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.84
    •  
  • 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
    •  
  • 9109 Abaco Way Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2015
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.92
    •  
  • 9120 Abaco Way Fort Worth, TX 4
    • 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
    •  
  • 8857 Poynter Street Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2015
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
PROPERTY LISTING DETAILS
Daniel Robin
Texas Connect Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418031
Last Updated: 08/23/2020
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