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1080 Doe Meadow Drive Fort Worth, TX 76028

4 Beds 2 Baths 2,181 sqft Built 2015

INVESTimate

$249,900

List Price

$1,740

$1,566 - $1,914

Rent Est.

$268,493  ( +7.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $114.58
  • 6 Days on Market
  • MLS # : 14416129
  • Updated Date : 08/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,181 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Searching for that affordable home which offers space for the whole family? Look no further! This home boasts 4 great sized bedrooms all with walk in closets. Gigantic office or bonus room with french doors for privacy. Open concept kitchen with a pantry. Great dining & living area. Covered back porch, Sprinkler system, Shed in back stays. Beautifully landscaped front yard. Main living room floor has been replaced with amazing wood look tile, extra was purchased seller is leaving for new buyer. Easy 20 min commute to downtown Ft Worth

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: Garden Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k258k

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

Neighborhood: Garden Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Brock Elementary School Primary Regular 658 38 5
Kerr Middle School Middle Regular 1,258 72 5
Kerr Middle School High Regular 1,258 72 5

Brock Elementary School

  • Education Level: Primary
  • # of students: 658
  • # of teachers: 38
5
GreatSchools Rating

Kerr Middle School

  • Education Level: Middle
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating

Kerr Middle School

  • Education Level: High
  • # of students: 1,258
  • # of teachers: 72
5
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$922
Property Tax -$573
Property Insurance -$153
HOA -$14
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.

$249,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,474

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,7404$1,7755$1,945
$1,945
RENT COMPS ANALYSIS
  • 1080 Doe Meadow Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,181 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.80
    •  
  • 12201 Hunters Knoll Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 2012
    LEASED 04/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 1904 Wickham Drive Burleson, TX 2
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 2007
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 12301 Hunters Knoll Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2012
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.88
    •  
  • 1300 Brownford Drive Fort Worth, TX 5
    • 5 beds 2 baths ∙ 2,215 Sqft ∙ Built 2006 5 beds 2 baths ∙ 2,215 Sqft ∙ Built 2006
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kathy Goen
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416129
Last Updated: 08/21/2020
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