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9064 Elbe Trail Fort Worth, TX 76118

3 Beds 3 Baths 1,731 sqft Built 1995

$290,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $167.53
  • 2 Days on Market
  • MLS # : 14523281
  • Updated Date : 02/26/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,731 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wilco, Realtors

Listing Agent's Description

Welcome Home! This property has so much to offer, entertainment, there's space for it, with an open concept first floor from living room to kitchen, its easy to accommodate. Take it to the covered patio and enjoy the upcoming summer with a pool to keep cool. Bedrooms are all upstairs for convenience of privacy. Solar Panels are in place to offset the energy consumption.

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: 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
L D. Bell High School High Regular 2,145 125 6
L D. Bell High School High Unknown NA

L D. Bell High School

  • Education Level: High
  • # of students: 2,145
  • # of teachers: 125
6
GreatSchools Rating

L D. Bell High School

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

$261,000$319,000$290,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,007
Property Tax -$665
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
-$238

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.

$290,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.57%

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

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,766

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6803$1,7504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 9064 Elbe Trail Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.96
    •  
  • 9000 Elbe Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 1994
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.99
    •  
  • 9057 Brushy Creek Trail Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1999
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 9036 Tyne Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1994
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 9120 Tyne Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2000
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
PROPERTY LISTING DETAILS
Isai Toledo
Wilco, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523281
Last Updated: 02/26/2021
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