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9237 General Worth Drive Fort Worth, TX 76244

4 Beds 4 Baths 3,327 sqft Built 2004

$374,900

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $112.68
  • 5 Days on Market
  • MLS # : 14514872
  • Updated Date : 02/12/2021 at 08:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,327 sqft
  • Baths : 3 full , 1 half
Listing Agent

Personal Acquisition Mgmt.

Listing Agent's Description

Gorgeous 4 bed 3.5 bath in the highly sought after Heritage Add neighborhood. Master and office down with 3 bedrooms up. Large living area upstairs as well as dedicated media room that is already set up and equipped! Projector, screen and cinema seats ready for your viewing pleasure. Gas stove top, granite counters in the kitchen. Outside pergola with 2 overhead fans. Good sized yard and corner lot. HOA member ship includes 10 acre pool complex, clubhouse, tennis courts and miles of jogging trails. Multiple offers received, highest and best by noon on 14 FEB.

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
Bette Perot Elementary School Primary Regular 666 42 9
Timbercreek High School High Regular 2,957 160 8
Timbercreek High School High Unknown NA

Bette Perot Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 42
9
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,302
Property Tax -$859
Property Insurance -$219
HOA -$33
Property Management Fees -$99
CASH FLOW
-$3

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.

$374,900

PROJECTED PRICE

$2,510

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$14,567

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,728

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5103$2,6004$2,6955$2,900
$2,900
RENT COMPS ANALYSIS
  • 9237 General Worth Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,327 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,327 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.75
    •  
  • 9733 Lacey Lane Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2004
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 9521 Bewley Court Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,165 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,165 Sqft ∙ Built 2012
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.82
    •  
  • 4105 Duncan Way Fort Worth, TX 4
    • 5 beds 5 baths ∙ 3,153 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,153 Sqft ∙ Built 2005
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.85
    •  
  • 9620 Barksdale Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,378 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,378 Sqft ∙ Built 2006
    property image
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.86
    •  
PROPERTY LISTING DETAILS
Pam Blanco
Personal Acquisition Mgmt.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514872
Last Updated: 02/12/2021
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