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9153 Hawley Drive Fort Worth, TX 76244

4 Beds 4 Baths 3,409 sqft Built 2006

INVESTimate

$385,000

List Price

$2,490

$2,241 - $2,739

Rent Est.

$407,946  ( +5.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $112.94
  • 6 Days on Market
  • MLS # : 14403591
  • Updated Date : 08/24/2020 at 09:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,409 sqft
  • Baths : 3 full , 1 half
Listing Agent

Lily Moore Realty

Listing Agent's Description

Beautiful open floorplan home offering 4 bedrooms & 3.5 baths plus space to entertain! Study & formal dining off entry! Beautiful staircase with catwalk overlooking downstairs! Living room features soaring ceilings, lots of light & impressive floor to ceiling stone fireplace! Kitchen features breakfast bar, granite counters, & SS appliances. Private master suite with double sinks & walk in closet! Great entertainment space upstairs with a GAME ROOM & MEDIA ROOM with tiered floor! 3 bedrooms & 2 full baths up. NEW HVAC in 2018! Wonderful Heritage community offers pools, splash pad, playgrounds & MORE! Great location with easy access to I-35, close to shopping & dining options galore! Keller ISD!

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: 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
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,420
Property Tax -$883
Property Insurance -$224
HOA -$33
Property Management Fees -$99
CASH FLOW
-$169

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.

$385,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.65%

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,589

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,574

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,225
1$2,2252$2,3003$2,4904$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 9153 Hawley Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,409 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,409 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.73
    •  
  • 9129 Belvedere Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,256 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,256 Sqft ∙ Built 2001
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.68
    •  
  • 4717 Gerald Court Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,220 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,220 Sqft ∙ Built 2006
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
  • 4976 Grinstein Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,292 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,292 Sqft ∙ Built 2012
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 9104 Wiggins Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Lily Moore
Lily Moore Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14403591
Last Updated: 08/24/2020
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