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9700 Gessner Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,458 sqft Built 2009

$365,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $148.49
  • 4 Days on Market
  • MLS # : 14481130
  • Updated Date : 03/06/2021 at 21:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,458 sqft
  • Baths : 2 full , 1 half
Listing Agent

Eagle Mountain Realty

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. PLEASE SEND YOUR BEST AND FINAL BY FIVE ON SUNDAY FOR A DECISION SUNDAY NIGHT. Immaculate and stunning home with 3 car garage, 4 bedrooms, 2.5 baths, 2 private offices with French doors, open concept living. Fireplace in open family room, granite countertops in kitchen with huge breakfast bar and stainless steel appliances (including brand new quiet KitchenAid dishwasher). Lovely master is down, with tile shower, separate tub and big walk-in closet. Upstairs are 3 large bedrooms, gameroom, full bathroom with tile tub. Beautiful architectural detail with arched doorways and art niche, balcony off gameroom. Wonderfully maintained. Ready for you to move right in! Award-winning Keller ISD.

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: Wilshire Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Wilshire Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Freedom Elementary School Primary Regular 462 31 6
Central High School High Regular 2,573 140 8
Central High School High Unknown NA

Freedom Elementary School

  • Education Level: Primary
  • # of students: 462
  • # of teachers: 31
6
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,573
  • # of teachers: 140
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,268
Property Tax -$837
Property Insurance -$169
HOA -$28
Property Management Fees -$99
CASH FLOW
-$390

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.

$365,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,163

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0103$2,1504$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 9700 Gessner Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.82
    •  
  • 4909 Trail Hollow Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2004
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 9253 Odeum Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2005
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.93
    •  
  • 9137 Odeum Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2006
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 5129 Pinellas Avenue Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,638 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,638 Sqft ∙ Built 2004
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
PROPERTY LISTING DETAILS
Lynn Roberts
Eagle Mountain Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481130
Last Updated: 03/06/2021
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