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9700 Francesca Drive Fort Worth, TX 76108

4 Beds 3 Baths 2,352 sqft Built 2000

$229,990

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $97.78
  • 2 Days on Market
  • MLS # : 14475634
  • Updated Date : 11/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,352 sqft
  • Baths : 3 full
Listing Agent

Burt Ladner Real Estate Llc

Listing Agent's Description

Wow! This 4 Bed 3 Full Bath home is a ONE OWNER property and sits on a deep corner lot. It features TWO Dining areas and TWO Living Rooms. Plenty of counter space and storage. UPDATED KITCHEN APPLIANCES. Large utility room and pantry combo. Your guest can privately enjoy the first floor bedroom & full bath while the rest of the family retreats to the second floor. The second floor living room can be used as a media room or homeschool space. Exterior features include mature landscaping and lovely trees. A beautiful flagstone path along the side of the house and NEW SIDING. Sit back and relax on the large covered back patio and pool-sized yard! Short distance from major freeways, shopping and dining.

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

Neighborhood: Cornerstone

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Cornerstone

NeighborhoodNIR 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 Middle School High Regular 986 55 6

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 Middle School

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

$206,991$252,989$229,990

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$849
Property Tax -$527
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
$192

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.

$229,990

PROJECTED PRICE

$1,830

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$66,697

INVESTMENT

$66,697

Down Payment
$57,498
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,498
Loan Amount $172,493
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$30,465

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7504$1,8305$1,895
$1,895
RENT COMPS ANALYSIS
  • 9700 Francesca Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.78
    •  
  • 9905 Peregrine Trail Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,198 Sqft ∙ Built 2004
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.76
    •  
  • 9732 Francesca Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,166 Sqft ∙ Built 2001
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 9840 Stoney Bridge Road Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 9609 Brenden Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2006
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
PROPERTY LISTING DETAILS
Melinda Deckert
Burt Ladner Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475634
Last Updated: 11/21/2020
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