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

9105 Settlers Peak Road Fort Worth, TX 76179

3 Beds 2 Baths 1,943 sqft Built 2020

$279,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $144.06
  • 2 Days on Market
  • MLS # : 14539761
  • Updated Date : 03/27/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,943 sqft
  • Baths : 2 full
Listing Agent

Grand Ark Llc

Listing Agent's Description

Lakepointe in Fort Worth. One story Eastgate plan. 3 Bedrooms 2 Baths plus a Studying. When you open the door, studying room is on your left hand side. Kitchen features with white cabinetry, SS appliances, granite countertop with eating-in island, and 2 pendants. Tray ceiling in family room with ceiling fans and 4 upgraded recessed can lights. Split bedrooms. Good size master bedroom overlooks backyard with privacy. Master bath has double vanity, separate garden tub and full vikrell shower. Comfort height elongated bowl toilet. Owner has pest control quarterly. A MUST SEE.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$972
Property Tax -$642
Property Insurance -$139
HOA -$51
Property Management Fees -$99
CASH FLOW
-$263

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,174

INVESTMENT

$76,174

Down Payment
$69,975
Rehab Estimate
$2,000
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6403$1,7504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 9105 Settlers Peak Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.84
    •  
  • 9000 Puerto Vista Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2014
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 5848 Mount Plymouth Point Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 2008
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 6012 Deck House Road Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 2012
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 5428 Thornbush Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 2012
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Hui-fen Wang
Grand Ark Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539761
Last Updated: 03/27/2021
BESbswy