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9601 Olivia Drive 
Fort Worth, TX
76108
3 Beds 2 Baths 1,751 sqft
Built 2004
INVESTimate
$225,000
List Price
$65,375
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $128.50
- 2 Days on Market
- MLS # : 14420845
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,751 sqft
- Baths : 2 full
Listing Agent
Opendoor Brokerage, Llc
Listing Agent's Description
This Fort Worth home has one story. This home is vacant and cleaned regularly.
SEE MORE
- . 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: 76108
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76108
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$516 | |
| Property Insurance | -$128 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$47
|
||
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.
$225,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.70% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
5.33
YEARS SAVED
$15,000
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,620
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
9601 Olivia Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,620
- $0.93
-
237 Memory Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2003
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,565
- $0.94
-
9621 Olivia Drive Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2003
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,595
- $0.90
-
9724 Brenden Drive Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2005
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
-
629 Chalk Knoll Road Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003
LEASED 11/06/19- Rent
- Rent Per SQFT
- $1,700
- $0.97
PROPERTY LISTING DETAILS
Opendoor Brokerage, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420845
Last Updated: 08/25/2020
