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9312 Marie Court White Settlement, TX 76108

5 Beds 3 Baths 2,204 sqft Built 2003

$279,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $126.59
  • 4 Days on Market
  • MLS # : 14470019
  • Updated Date : 11/14/2020 at 08:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,204 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dfw Executive Realty

Listing Agent's Description

Amazing home, 5 bedrooms with the master down stairs new flooring, new appliances, huge backyard with pergolas for outdoor time. come see it and make offer

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: Sunview

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Sunview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Tannahill Intermediate School Primary Regular 879 49 4
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

Tannahill Intermediate School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 49
4
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,029
Property Tax -$669
Property Insurance -$155
Property Management Fees -$99
CASH FLOW
-$122

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.

$279,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7004$1,7505$1,830
$1,830
RENT COMPS ANALYSIS
  • 9312 Marie Court White Settlement, TX 5
    • 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.83
    •  
  • 9852 Parkmere Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2002
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 9732 Francesca Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2001
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 9600 Brenden Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 2006
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 9840 Stoney Bridge Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Craig Chapman
Dfw Executive Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470019
Last Updated: 11/14/2020
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