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9448 Drovers View Trail Fort Worth, TX 76131

4 Beds 3 Baths 2,784 sqft Built 2011

$350,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $125.72
  • 5 Days on Market
  • MLS # : 14491663
  • Updated Date : 12/30/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,784 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Elegant home with attention to every detail! Well appointed decorator touches, gorgeous lighting, hardware & color through out the home, the beauty just doesn't end in this house! Large master and an additional bedroom downstairs make it a great fit for an In law suite with guest bath. Upstairs has large bonus room loft area, office, bedroom & full bath. Roof replaced in 2019, recently replaced flooring thru out, touchless kitchen faucet, water fall faucets & retractable remote fan in master bath, sliding barn door, whole house surge protector, electronic doggy door, custom outdoor Christmas lighting to remain, oversized garage, outdoor pergola & a wonderful neighborhood to boot !

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Liberty Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k271k

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

Neighborhood: Liberty Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9191888

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,291
Property Tax -$802
Property Insurance -$188
HOA -$30
Property Management Fees -$99
CASH FLOW
-$251

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.

$350,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,144

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,1553$2,1604$2,1955$2,495
$2,495
RENT COMPS ANALYSIS
  • 9448 Drovers View Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.78
    •  
  • 9245 Conestoga Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2005
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.62
    •  
  • 9149 Liberty Crossing Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2006
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,155
    • $0.80
    •  
  • 421 Braewick Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 2006
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
  • 9537 Drovers View Trail Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,943 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,943 Sqft ∙ Built 2010
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.85
    •  
PROPERTY LISTING DETAILS
Angela Garcia
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491663
Last Updated: 12/30/2020
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