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9101 Askew Street Fort Worth, TX 76244

4 Beds 3 Baths 2,180 sqft Built 2007

INVESTimate

$305,000

List Price

$2,050

$1,845 - $2,255

Rent Est.

$323,178  ( +5.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $139.91
  • 6 Days on Market
  • MLS # : 14418607
  • Updated Date : 08/23/2020 at 15:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,180 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dfw Real Estate

Listing Agent's Description

Beautiful Cape Cod style 4 bedroom home on large corner lot, Silestone Kitchen countertops with new white subway tile backsplash, Stainless appliances, New hard flooring (wood composite) throughout most of downstairs, New carpet and fresh paint, Master suite down with 3 bedrooms 1 bath on 2nd floor, Spacious Front Porch with Covered patio on 1st and 2nd floor, Gameroom upstairs with shelved office room-nook, Exterior balcony off gameroom. Schools should be verified. Owner-Agent is a R. E. Sales Person for DFW Real Estate. Seller has no survey. If one desired must be supplied by buyer.

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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: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9192376

* 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
Lone Star Elementary School Primary Regular 750 48 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Lone Star Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 48
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

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

$274,500$335,500$305,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,125
Property Tax -$699
Property Insurance -$153
HOA -$33
Property Management Fees -$99
CASH FLOW
-$60

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.

$305,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.96%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,044

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0504$2,0955$2,095
$2,095
RENT COMPS ANALYSIS
  • 9101 Askew Street Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,180 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.94
    •  
  • 4805 Grinstein Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,120 Sqft ∙ Built 2004
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 8933 Riscky Trail Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2004
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 4828 Van Zandt Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2003
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.95
    •  
  • 9049 Mcfarland Way Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,286 Sqft ∙ Built 2009
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
PROPERTY LISTING DETAILS
Daniel Hale
Dfw Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418607
Last Updated: 08/23/2020
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