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9505 Cholla Cactus Trail Fort Worth, TX 76177

5 Beds 3 Baths 3,752 sqft Built 2007

$439,900

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $117.24
  • 5 Days on Market
  • MLS # : 14525248
  • Updated Date : 03/03/2021 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,752 sqft
  • Baths : 3 full
Listing Agent

Texas Realty Source

Listing Agent's Description

This is the one! A beautiful custom retreat that has room for everyone and offers an amazing front porch to welcome you home, over-sized rooms, 2 dining areas, gorgeous wood floors, open floor concept, amazing kitchen with bar overhang, granite countertops, double oven, stone fireplace to ceiling, decorative lighting & plumbing fixtures, tall ceilings, huge master closet, 2nd downstairs guest suite, spacious upstairs living area with double french doors, upstairs covered balcony, media room and so much more. Outside you will find a large covered patio that has been extended and a huge backyard perfect for entertaining. This is a MUST SEE, it will not disappoint. Lot's of shopping and restaurants nearby

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: Presidio West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k358k

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

Neighborhood: Presidio West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192191

* 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,528
Property Tax -$1,008
Property Insurance -$244
HOA -$28
Property Management Fees -$99
CASH FLOW
-$387

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.

$439,900

PROJECTED PRICE

$2,520

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,617

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5203$2,5504$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 9505 Cholla Cactus Trail Fort Worth, TX 2
    • 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.67
    •  
  • 2229 Clairborne Drive Fort Worth, TX 1
    • 5 beds 4 baths ∙ 3,699 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,699 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.68
    •  
  • 9241 Los Cabos Trail Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,612 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,612 Sqft ∙ Built 2008
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.71
    •  
  • 9861 Yellow Cup Drive Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,871 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,871 Sqft ∙ Built 2016
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.70
    •  
  • 9801 Saltbrush Street Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,948 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,948 Sqft ∙ Built 2013
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.70
    •  
PROPERTY LISTING DETAILS
Michael Reed
Texas Realty Source
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525248
Last Updated: 03/03/2021
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