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9505 Sinclair Street Fort Worth, TX 76244

5 Beds 4 Baths 3,731 sqft Built 2013

$489,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $131.31
  • 3 Days on Market
  • MLS # : 14535470
  • Updated Date : 03/19/2021 at 08:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,731 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This beautiful home is one of a kind! 3 car garage in a culdesac! This home offers beautiful wood floors throughout, a designated study to work from home efficiently. A grand, open, and inviting kitchen and living space with granite counters and stainless steel appliances. Custom shutters have been installed! Your master suite is downstairs with a second downstairs bedroom and full bath! Open game room up, with attached media room! Located near miles of walking jogging trails, stocked ponds, community pools and splash pad, and several community parks and greenspace! Shopping, dining, and entertainment at Alliance Town Centre and Presidio Junction! Be sure to check out the real walk through video tour!

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
Bette Perot Elementary School Primary Regular 666 42 9
Timbercreek High School High Regular 2,957 160 8
Timbercreek High School High Unknown NA

Bette Perot Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 42
9
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$1,702
Property Tax -$1,123
Property Insurance -$243
HOA -$33
Property Management Fees -$99
CASH FLOW
-$400

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.

$489,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,761

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7003$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 9505 Sinclair Street Fort Worth, TX 4
    • 5 beds 4 baths ∙ 3,731 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,731 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 8848 Blanco Creek Trail Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2010
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.75
    •  
  • 9720 Barksdale Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,995 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,995 Sqft ∙ Built 2004
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.68
    •  
  • 9541 Sinclair Street Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.76
    •  
  • 4000 Vernon Way Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,885 Sqft ∙ Built 2005
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Chris Hall
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535470
Last Updated: 03/19/2021
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