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9337 Doverglen Drive Fort Worth, TX 76131

4 Beds 2 Baths 1,771 sqft Built 2020

$262,990

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $148.50
  • 1 Days on Market
  • MLS # : 14485664
  • Updated Date : 12/12/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,771 sqft
  • Baths : 2 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

NEW CONSTRUCTION IN THE D.R. HORTON MASTER PLANNED COMMUNITY IN WATERSBEND LOCATED IN NORTH FORT WORTH*The Oxford Floorplan-1 Story 4-2-2-(Elev B)-Est March Completion*Open concept Living,Dining & Large Chef's Kitchen with Granite counter tops,Seating Island & W-I Pantry*Private Primary Bedroom at the rear of the home with dual sink vanity & walk-in Closet*Ceramic Tiled Entry,Hallways,Living & Wet areas,Home is Connected Smart Home Technology*Covered back Patio,Sprinkler System,Landscape Pkg,& more!*Residents enjoy a 4.5 ACRE Amenity Center with Pool,Splash Area, Playground, Softball & Soccer Field!*Easy access to I-35W,287 & I-820*Minutes to Shopping & Dining

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR 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
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
 

$236,691$289,289$262,990

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$970
Property Tax -$638
Property Insurance -$130
HOA -$30
Property Management Fees -$99
CASH FLOW
-$57

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$262,990

PROJECTED PRICE

$1,810

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,692

INVESTMENT

$71,692

Down Payment
$65,748
Rehab Estimate
$2,000
Closing Costs
$3,945

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$970

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,748
Loan Amount $197,243
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,963

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7504$1,8105$1,850
$1,850
RENT COMPS ANALYSIS
  • 9337 Doverglen Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.02
    •  
  • 369 Magma Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2014
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 529 Foxcraft Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2014
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 517 Braewick Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2014
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 9300 Flying Eagle Lane Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Stephen Kahn
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485664
Last Updated: 12/12/2020
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