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9545 Abington Avenue Fort Worth, TX 76131

4 Beds 3 Baths 2,059 sqft Built 2020

INVESTimate

$302,419

List Price

$1,950

$1,755 - $2,145

Rent Est.

$322,560  ( +6.66%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $146.88
  • 7 Days on Market
  • MLS # : 14417725
  • Updated Date : 08/21/2020 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,059 sqft
  • Baths : 3 full
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready Oct-Nov 2020! The spacious living area flows seamlessly outdoors to the covered back patio. Gray cabinets, salt 'n pepper granite, white geo backsplash, light gray tile and carpet, and oyster oak vinyl in our Posh package. Located just ten miles from Downtown Fort Worth within the acclaimed Northwest ISD. Enjoy the community amenity center, resort-style pool, gorgeous green spaces, miles of walking paths and a fully stocked catch and release pond. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

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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
Sonny And Allegra Nance Elementary School Primary Regular 456 30 5
Chisholm Trail Middle School Middle Regular 899 64 7
Byron Nelson High School High Regular 2,552 147 8

Sonny And Allegra Nance Elementary School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 30
5
GreatSchools Rating

Chisholm Trail Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 64
7
GreatSchools Rating

Byron Nelson High School

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

$272,177$332,661$302,419

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,116
Property Tax -$733
Property Insurance -$146
HOA -$50
Property Management Fees -$99
CASH FLOW
-$194

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.

$302,419

PROJECTED PRICE

$1,950

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.66%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,141

INVESTMENT

$82,141

Down Payment
$75,605
Rehab Estimate
$2,000
Closing Costs
$4,536

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,116

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,605
Loan Amount $226,814
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8954$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 9545 Abington Avenue Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 213 Fossil Bridge Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2013
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 9229 Bronze Meadow Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2017
    property image
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 9040 Bronze Meadow Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2017
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
  • 10125 Haversham Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 2017
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Patrick Mcgrath
Meritage Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417725
Last Updated: 08/21/2020
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