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9916 Lamberton Terrace Fort Worth, TX 76244

4 Beds 3 Baths 3,323 sqft Built 2003

$349,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $105.30
  • 4 Days on Market
  • MLS # : 14488575
  • Updated Date : 12/24/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,323 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ziglar Realty

Listing Agent's Description

Beautiful & HUGE inside! Decorative colors & upgrades! Downstairs features private large study with french doors, Large open living room with arched openings. Kitchen has ample tall, cabinets, floating island, nice upgraded appliances including gas range, & pantry. Also down is a large mudroom that could be used for a 2nd office next to a half bath. Secluded Master features garden tub, sep shower, dual sinks with large vanity, sep toilet closet, lg walk-in closet. Upstairs, you see art niches, large game room, theater style media room with nice dry bar for entertainment, 3 bedrooms & lg full bathroom. Outside is a patio with nice curtained gazebo that is cemented in for security all in a landscaped yard.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sunset Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Sunset Hills

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
Bette Perot Elementary School Primary Regular 666 42 9
Timberview Middle School Middle Regular 1,113 72 7
Timbercreek High School High Regular 2,957 160 8

Bette Perot Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 42
9
GreatSchools Rating

Timberview Middle School

  • Education Level: Middle
  • # of students: 1,113
  • # of teachers: 72
7
GreatSchools Rating

Timbercreek High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,291
Property Tax -$802
Property Insurance -$219
HOA -$24
Property Management Fees -$99
CASH FLOW
-$46

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.

$349,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.2%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,650

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,4003$2,5004$2,6755$3,000
$3,000
RENT COMPS ANALYSIS
  • 9916 Lamberton Terrace Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,323 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,323 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.72
    •  
  • 10117 Jessica Street Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,153 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,153 Sqft ∙ Built 2002
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 9733 Lacey Lane Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2004
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 3525 Delaney Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,275 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,275 Sqft ∙ Built 2006
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.82
    •  
  • 10108 Crawford Farms Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2006
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Dede Galindo
Ziglar Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488575
Last Updated: 12/24/2020
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