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9701 Manassas Road Fort Worth, TX 76177

4 Beds 3 Baths 2,260 sqft Built 2006

$279,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $123.85
  • 6 Days on Market
  • MLS # : 14498312
  • Updated Date : 01/12/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad Brokerage, Llc

Listing Agent's Description

VACANT! Welcome home! Beautiful two-story home in a fantastic location! Master bedroom up. Covered front porch. Plenty of upgrades throughout including a freshly painted interior, new granite countertops in kitchen and bathrooms, stainless steel appliances, and new carpet upstairs! NEW ROOF! Laminate flooring throughout downstairs. Shed in the backyard for extra storage. Come tour today!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76177

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76177

ZipNIR 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$972
Property Tax -$642
Property Insurance -$158
HOA -$21
Property Management Fees -$99
CASH FLOW
-$21

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.

$279,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,876

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,8703$1,8954$1,9455$1,995
$1,995
RENT COMPS ANALYSIS
  • 9701 Manassas Road Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.83
    •  
  • 2113 Benning Way Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2008
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.73
    •  
  • 2037 Bliss Road Fort Worth, TX 3
    • 4 beds 4 baths ∙ 2,260 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,260 Sqft ∙ Built 2007
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.84
    •  
  • 2133 Bliss Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 2006
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.89
    •  
  • 2024 El Camino Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,323 Sqft ∙ Built 2005
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
PROPERTY LISTING DETAILS
Robert Jones
Offerpad Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498312
Last Updated: 01/12/2021
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