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9344 Moncrief Street Fort Worth, TX 76244

3 Beds 2 Baths 2,147 sqft Built 2004

$299,999

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $139.73
  • 2 Days on Market
  • MLS # : 14473730
  • Updated Date : 11/21/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,147 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful Single Story located in the highly desirable Heritage Subdivision will go live on 11-22. Gorgeous, newly renovated Master Bath will take your breath away! Large open living area includes Living Room with fireplace, Breakfast Room and an oversized Chef's Kitchen. Private Office with French Doors is perfect for working at home. Tons of natural light grace the entire interior of the home. The beautifully landscaped backyard boasts an oversized covered patio, with plenty of seating space to enjoy the great outdoors. Heritage is an active community that features basketball courts, pools, clubhouse, walking trails and more! All information is believed to be accurate, but not guaranteed.

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: 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
Lone Star Elementary School Primary Regular 750 48 8
Hillwood Middle School Middle Regular 1,087 65 8
Central High School High Regular 2,573 140 8

Lone Star Elementary School

  • Education Level: Primary
  • # of students: 750
  • # of teachers: 48
8
GreatSchools Rating

Hillwood Middle School

  • Education Level: Middle
  • # of students: 1,087
  • # of teachers: 65
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,107
Property Tax -$688
Property Insurance -$151
HOA -$33
Property Management Fees -$99
CASH FLOW
$2

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.

$299,999

PROJECTED PRICE

$2,080

PROJECTED RENT

0.69%

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$15,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,093

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0503$2,0804$2,0955$2,155
$2,155
RENT COMPS ANALYSIS
  • 9344 Moncrief Street Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.97
    •  
  • 9317 Granger Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 2004
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 9321 Granger Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2004
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.98
    •  
  • 4828 Van Zandt Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2003
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.95
    •  
  • 8933 Haas Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 2009
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,155
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sherri Neal
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473730
Last Updated: 11/21/2020
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