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11000 Redbrook Lane Fort Worth, TX 76140

4 Beds 3 Baths 2,356 sqft Built 2002

$215,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $91.26
  • 6 Days on Market
  • MLS # : 14479294
  • Updated Date : 12/01/2020 at 21:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,356 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max New Horizon

Listing Agent's Description

4 BEDROOM 2 STORY HOME IN CROWLEY ISD!!! Elegant formal dining room as you walk into the property. The family room toward the back of the home opens to the wide-open kitchen and breakfast nook. The master suite is downstairs for added privacy and features a garden tub, separate shower, dual sinks, and walk-in closet with built-in shelves. 1.5 bath downstairs also a plus. Upstairs includes a HUGE game room + 3 more bedrooms and a full bath.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: The Parks of Deer Creek

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: The Parks of Deer Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Sidney H. Poynter Elementary School Primary Regular 532 32 3
H.f. Stevens Middle School Middle Regular 912 59 3
Crowley High School High Regular 2,033 150 4

Sidney H. Poynter Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 32
3
GreatSchools Rating

H.f. Stevens Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 59
3
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$793
Property Tax -$501
Property Insurance -$163
HOA -$33
Property Management Fees -$99
CASH FLOW
$200

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$215,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.83%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$29,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7504$1,7905$1,900
$1,900
RENT COMPS ANALYSIS
  • 11000 Redbrook Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.76
    •  
  • 11233 Pleasant Wood Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2003
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 10608 Park City Trail Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 2007
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 512 Prairie Gulch Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2002
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 316 Sun Meadow Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2002
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sergio Bazan
Re/max New Horizon
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479294
Last Updated: 12/01/2020
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