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11736 Merlotte Lane Fort Worth, TX 76244

4 Beds 3 Baths 2,795 sqft Built 2012

$425,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $152.06
  • 4 Days on Market
  • MLS # : 14463123
  • Updated Date : 11/02/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,795 sqft
  • Baths : 2 full , 1 half
Listing Agent

Weichert, Realtors-bev Young

Listing Agent's Description

WOW! GORGEOUS 1-OF-A-KIND 2800 SQUARE FOOT 1-STORY MODIFIED FROM BUILDER PLAN TO CREATE LAVISH OPEN LIVING SPACE AND HUGE ROOMS! Quarter Acre Corner Lot with Circle Drive Plus Upgrades Galore Including Extensive Maple Flooring, Alder Cabinetry Throughout, High End Lighting and Fans, Crown Moulding Everywhere, Ceiling Treatments, Arches, Whole House Sound System, 2 HVAC Systems and More! Texas-Sized Island Kitchen Features Custom Cabinetry, Granite Countertops and Upgraded Appliances. Spacious Family Room, Study and 2 Generously-Sized Dining Areas. Oversized Master Suite Offers Sitting Area and Luxurious Bath. Ample Back Yard Space for Children and Pets. Entertain or Relax on the 30-Foot Covered Patio!

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: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

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

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

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,568
Property Tax -$974
Property Insurance -$189
HOA -$45
Property Management Fees -$99
CASH FLOW
-$605

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

$2,270

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$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 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$25

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,278

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2703$2,3004$2,3505$2,375
$2,375
RENT COMPS ANALYSIS
  • 11736 Merlotte Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.81
    •  
  • 12321 Dogwood Springs Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,684 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,684 Sqft ∙ Built 2009
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 12480 Leaflet Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2006
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 3316 Lone Tree Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2012
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.81
    •  
  • 2601 Twinflower Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2008
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.88
    •  
PROPERTY LISTING DETAILS
Bev Young
Weichert, Realtors-bev Young
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463123
Last Updated: 11/02/2020
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