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9212 San Tejas Fort Worth, TX 76177

3 Beds 2 Baths 1,673 sqft Built 2014

$250,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $149.43
  • 3 Days on Market
  • MLS # : 14509910
  • Updated Date : 02/06/2021 at 13:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

GREAT home in highly sought after NW ISD with quick access to highways, shopping and dining! Solid surface flooring thru main living areas with new carpet in the bedrooms. Fresh paint throughout. Large kitchen with plenty of cabinets and granite counters await the chef of the family. HUGE pantry-laundry with custom shelving to help keep everything organized. Secondary bedroom currently being used as an office with custom dual desk, shelves and large window seat! Walk in closets in every room. Large backyard with covered porch and tree lined fence for privacy all around! Buyer and Buyer agent to verify all information. MULTIPLE OFFERS RECEIVED. Highest and best due by Sunday, 2-7 at 5PM.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Reata Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k289k

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

Neighborhood: Reata Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191865

* 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

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

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$868
Property Tax -$573
Property Insurance -$124
HOA -$21
Property Management Fees -$99
CASH FLOW
-$25

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

$1,660

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 16.4%
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$1.2M

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$200k$400k$600k$800k$1.0M$1.2M

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

3.67

YEARS SAVED

$8,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6454$1,6505$1,660
$1,660
RENT COMPS ANALYSIS
  • 9212 San Tejas Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.99
    •  
  • 2152 Laughlin Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 2129 Franks Street Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2006
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 2120 Biggs Street Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 2007
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.01
    •  
  • 9608 Manassas Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2007
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Shannon Schreyer
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509910
Last Updated: 02/06/2021
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