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9605 Rexford Drive Fort Worth, TX 76131

4 Beds 4 Baths 3,429 sqft Built 2017

$450,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $131.23
  • 1 Days on Market
  • MLS # : 14530891
  • Updated Date : 03/13/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,429 sqft
  • Baths : 3 full , 1 half
Listing Agent

At Home Properties, Inc.

Listing Agent's Description

This gorgeous open floor plan in highly acclaimed Northwest ISD was built in 2017 and is a 3,429 sqft, 4 bedroom with an Office that could serve as a 5th bedroom, 3 full bathrooms with a half bath downstairs, hand scraped oak hardwood flooring, brand new carpet, freshly painted. Huge game room, 3 car garage, and a master closet that's to die for! This home is a must see and has been immaculately cared for and is move in ready!

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

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,563
Property Tax -$1,032
Property Insurance -$225
HOA -$53
Property Management Fees -$99
CASH FLOW
-$631

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$13

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,838

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,340
1$2,3402$2,5003$2,6504$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 9605 Rexford Drive Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,429 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,429 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.68
    •  
  • 1420 Creosote Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 2012
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.79
    •  
  • 9425 Chuparosa Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.85
    •  
  • 1320 Sand Verbena Way Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2011
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.81
    •  
  • 10129 Warberry Trail Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2017
    LEASED 01/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Chris Peters
At Home Properties, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530891
Last Updated: 03/13/2021
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