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9128 Stormcrow Drive Fort Worth, TX 76179

3 Beds 2 Baths 1,753 sqft Built 2019

$250,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $142.61
  • 3 Days on Market
  • MLS # : 14507440
  • Updated Date : 01/31/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,753 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Worldwide

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

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.
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$868
Property Tax -$573
Property Insurance -$129
HOA -$41
Property Management Fees -$99
CASH FLOW
-$10

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.

$250,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.68%

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) 8.00%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$9,406

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,727

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7253$1,7454$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 9128 Stormcrow Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 5033 Caraway Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2005
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.97
    •  
  • 9133 Pearfield Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2020
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.01
    •  
  • 5217 Molasses Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2013
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 9104 Fescue Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2020
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Teresa Hill Etheridge
Berkshire Hathawayhs Worldwide
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507440
Last Updated: 01/31/2021
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