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9200 Oldwest Trail Fort Worth, TX 76131

5 Beds 4 Baths 3,125 sqft Built 2005

$295,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $94.40
  • 2 Days on Market
  • MLS # : 14480583
  • Updated Date : 12/04/2020 at 23:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,125 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Hard to find 5 bedroom with a study in a great location within walking distance of the new Copper Creek Elementary! Lots of updates, new black stainless appliances, HVAC system replaced 2 years ago, 2 newer 50 gallon water heaters, new 30 year roof, smart WIFI sprinkler control, updated flooring and new carpeting. Study at the front of the house. Inviting home perfect for entertaining in the kitchen that opens to the family room and formal dining room. Master bedroom down with all other bedrooms, large game room and two full baths upstairs. Lots of room to spread out with a great backyard and nice extended patio. Beautifully maintained trails in a great community. Come and take a peek before it's gone!

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

Neighborhood: Liberty Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Liberty Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191888

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,088
Property Tax -$676
Property Insurance -$208
HOA -$28
Property Management Fees -$99
CASH FLOW
$41

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.

$295,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,305

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1403$2,1504$2,2005$2,495
$2,495
RENT COMPS ANALYSIS
  • 9200 Oldwest Trail Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,125 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,125 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.68
    •  
  • 9229 Turtle Pass Fort Worth, TX 1
    • 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 2006
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.67
    •  
  • 9213 Conestoga Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2006
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.73
    •  
  • 412 Crown Oaks Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,129 Sqft ∙ Built 2012
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 9537 Drovers View Trail Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,943 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,943 Sqft ∙ Built 2010
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.85
    •  
PROPERTY LISTING DETAILS
Chris Johnson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480583
Last Updated: 12/04/2020
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