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9605 Mountain Laurel Trail Fort Worth, TX 76123

4 Beds 3 Baths 2,152 sqft Built 2021

$324,481

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $150.78
  • 5 Days on Market
  • MLS # : 14499279
  • Updated Date : 01/13/2021 at 13:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,152 sqft
  • Baths : 3 full
Listing Agent

Trendmaker Homes Dfw, Llc

Listing Agent's Description

MLS# 14499279 - Built by Trendmaker Homes - February completion! ~ This modern floor plan provides a functional, open layout that you will be excited to show off! The stunning kitchen features a large cooking island, plenty of storage space, stainless steel appliances, a walk-in pantry, and a breakfast area. The spacious family room provides the perfect space to hang out with family or entertain friends. At the back of the home you’ll find the primary suite and beautiful master bath with a large walk-in closet. Towards the front of the house, you will find a flex room, additional bedrooms and full bathrooms, and a separate laundry room.

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

Zip Code: 76123

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76123

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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$292,033$356,929$324,481

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,127
Property Tax -$830
Property Insurance -$152
HOA -$54
Property Management Fees -$99
CASH FLOW
-$292

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.

$324,481

PROJECTED PRICE

$1,970

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 3.00%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$87,987

INVESTMENT

$87,987

Down Payment
$81,120
Rehab Estimate
$2,000
Closing Costs
$4,867

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,127

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,120
Loan Amount $243,361
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$601

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7503$1,7954$1,9705$2,100
$2,100
RENT COMPS ANALYSIS
  • 9605 Mountain Laurel Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.92
    •  
  • 4841 Elkhart Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2007
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.90
    •  
  • 4508 Embercrest Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2003
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 9425 Navarro Street Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2005
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 4717 Poplar Ridge Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,325 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,325 Sqft ∙ Built 2006
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Trendmaker Homes Dfw, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499279
Last Updated: 01/13/2021
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