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9621 Mountain Laurel Trail Fort Worth, TX 76123

4 Beds 3 Baths 2,904 sqft Built 2021

$394,855

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $135.97
  • 3 Days on Market
  • MLS # : 14509406
  • Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,904 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14509406 - Built by Tri Pointe Homes - May completion! ~ The kitchen is made for inviting a crowd, with a large island, decorative vent hood, cook top, stacked oven and microwave, quartz countertops, and upgraded backsplash. The rest of the home features 4 Bedrooms, 2.5 Bath, 2 Car Garage, Covered Patio, Pet Camp, Luxury Kitchen, Media Room in a Refreshing white color palette. Schedule your showing today!

SEE MORE

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: 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
 

$355,370$434,341$394,855

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,371
Property Tax -$1,010
Property Insurance -$195
HOA -$54
Property Management Fees -$99
CASH FLOW
-$739

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.

$394,855

PROJECTED PRICE

$1,990

PROJECTED RENT

0.50%

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$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$106,637

INVESTMENT

$106,637

Down Payment
$98,714
Rehab Estimate
$2,000
Closing Costs
$5,923

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,371

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,714
Loan Amount $296,141
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$36

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,9004$1,9905$2,400
$2,400
RENT COMPS ANALYSIS
  • 9621 Mountain Laurel Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,904 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.69
    •  
  • 9224 Peaceful Terrace Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,787 Sqft ∙ Built 2004
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 9112 Penny Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2006
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.60
    •  
  • 5017 Cedar Brush Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,828 Sqft ∙ Built 2010
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.67
    •  
  • 4929 Breezewind Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 2015
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509406
Last Updated: 01/29/2021
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