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9613 Minton Drive Fort Worth, TX 76108

4 Beds 2 Baths 1,610 sqft Built 2005

$219,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $136.58
  • 3 Days on Market
  • MLS # : 14531652
  • Updated Date : 03/12/2021 at 23:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

Fantastic 4 Bedroom 2 Bath Home, Move in Ready, Settlement Plaza Subdivision, Open Concept, Neutral Colors, Light and Bright with Vaulted Ceilings and Lots of Windows, Fireplace in the Family Room, Kitchen is Open to the Family Room, Lots of Kitchen Cabinets for Storage and Counter Space for Cooking, Breakfast Bar, Stainless Steel Appliances, Split Bedrooms, Good Size Backyard with a Covered Patio, Home Has Full Gutters Installed Around 2019 Close to Restaurants and Shopping , Easy Access to Loop 820 All Information is Deemed Reliable but Not Guaranteed. Buyer and or Representative is Responsible to Verify All Information including But Not Limited to Square Footage, Schools, Etc.

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: 76108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76108

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
Blue Haze Elementary School Primary Regular 844 48 7
Brewer Middle School Middle Regular 986 55 6
Brewer High School High Regular 1,730 104 4

Blue Haze Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 48
7
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer High School

  • Education Level: High
  • # of students: 1,730
  • # of teachers: 104
4
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$764
Property Tax -$504
Property Insurance -$120
HOA -$20
Property Management Fees -$99
CASH FLOW
-$27

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.

$219,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$6,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,433

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5003$1,5004$1,5655$1,595
$1,595
RENT COMPS ANALYSIS
  • 9613 Minton Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.92
    •  
  • 9624 Orinda Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 2006
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 9632 Minton Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2005
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 237 Memory Drive Fort Worth, TX 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Laura Mendoza
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531652
Last Updated: 03/12/2021
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