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9912 Eddleman Court Fort Worth, TX 76244

4 Beds 3 Baths 3,561 sqft Built 2008

$425,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $119.35
  • 3 Days on Market
  • MLS # : 14503877
  • Updated Date : 02/05/2021 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,561 sqft
  • Baths : 3 full
Listing Agent

Martin Realty Group

Listing Agent's Description

Step into this impeccably maintained home in the highly desirable neighborhood of The Bluffs at Heritage. Located on a cul de sac with a nice size backyard and patio, this property offers plenty of space both inside and out for your family to spread out. The hardwood floors and plantation shutters throughout offer a warm and inviting pallet for you to bring your own style to. Granite countertops in a nice size kitchen that opens up to the living room provides open space to entertain and enjoy family. Along with a 1st floor Master, you will enjoy a 2nd downstairs bedroom for guests or a nursery. Upstairs boasts 2 more bedrooms as well as a game and media room. Don't miss your opportunity to call this one home!

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 North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $104k470k

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

Neighborhood: Heritage North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9193298

* 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
Eagle Ridge Elementary School Primary Regular 761 50 7
Timbercreek High School High Regular 2,957 160 8
Timbercreek High School High Unknown NA

Eagle Ridge Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 50
7
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Timbercreek High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$1,476
Property Tax -$974
Property Insurance -$233
HOA -$33
Property Management Fees -$99
CASH FLOW
$94

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.

$425,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,608

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,345
1$2,3452$2,3953$2,8004$2,8005$2,910
$2,910
RENT COMPS ANALYSIS
  • 9912 Eddleman Court Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,561 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,561 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $0.82
    •  
  • 4820 Trail Hollow Drive Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,462 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,462 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.68
    •  
  • 4945 Thorn Hollow Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,571 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,571 Sqft ∙ Built 2005
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.67
    •  
  • 9541 Sinclair Street Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2013
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.76
    •  
  • 9153 Hawley Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,409 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,409 Sqft ∙ Built 2006
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jodi Wilson
Martin Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503877
Last Updated: 02/05/2021
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