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9908 Croswell Street Fort Worth, TX 76244

5 Beds 6 Baths 4,200 sqft Built 2019

$730,000

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $173.81
  • 3 Days on Market
  • MLS # : 14531289
  • Updated Date : 03/12/2021 at 07:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,200 sqft
  • Baths : 5 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This spectacular 5 bedroom, 5 and a half bathroom home has everything! Spacious and open split bedroom floorplan Downstairs offers an office to work from home, a formal dining room, a media room, and even a secondary bedroom with it's own full bathroom! Upstairs3 additional bedrooms and a second living space. The central vac system is a great added treat, especially the vac pan in the kitchen! The generous backyard size will support a future pool or many outdoor activities. Located in KISD and is located near all the shopping, dining, and entertainment. Miles of walking jogging biking trails, community parks, splash pad, community pool and waterpark. Be sure to check out the REAL walk through video tour!

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: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: Heritage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
 

$657,000$803,000$730,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$2,536
Property Tax -$1,673
Property Insurance -$270
HOA -$33
Property Management Fees -$99
CASH FLOW
-$741

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.

$730,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,200

INVESTMENT

$199,200

Down Payment
$182,500
Rehab Estimate
$5,750
Closing Costs
$10,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,536

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,500
Loan Amount $547,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $3,864

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8703$4,200
$4,200
RENT COMPS ANALYSIS
  • 9908 Croswell Street Fort Worth, TX 2
    • 5 beds 6 baths ∙ 4,200 Sqft ∙ Built 2019 5 beds 6 baths ∙ 4,200 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $0.92
    •  
  • 9725 Bowman Drive Fort Worth, TX 1
    • 5 beds 6 baths ∙ 4,364 Sqft ∙ Built 2011 5 beds 6 baths ∙ 4,364 Sqft ∙ Built 2011
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.85
    •  
  • 4928 Bateman Road Fort Worth, TX 3
    • 5 beds 6 baths ∙ 4,235 Sqft ∙ Built 2015 5 beds 6 baths ∙ 4,235 Sqft ∙ Built 2015
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Chris Hall
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531289
Last Updated: 03/12/2021
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