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1217 Royal Meadows Trail Fort Worth, TX 76140

3 Beds 2 Baths 1,849 sqft Built 2020

$275,965

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $149.25
  • 7 Days on Market
  • MLS # : 14472416
  • Updated Date : 11/21/2020 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14472416 - Built by Antares Homes - January completion! ~ The foyer with boxed ceilings welcomes you into your home. Just off the foyer is the formal dining room. The open-concept kitchen includes stainless steel appliances, a curved island, planning desk, and a corner walk-in pantry. The spacious family room has a stunning cast stone corner fireplace and direct access to the covered patio. Enjoy a master bathroom with a dual sink vanity, a separate walk-in shower, a garden tub, and a spacious walk-in closet. Two additional bedrooms have easy access to a full bathroom and linen closet. For added privacy and convenience, the full-sized utility room provides direct access to the two-car garage.

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: Garden Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Garden Acres

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
Townley Elementary School Primary Regular 494 28 6
Charles Baxter Junior High School Middle Regular 855 56 6
Everman Joe C. Bean High School High Regular 1,372 92 4

Townley Elementary School

  • Education Level: Primary
  • # of students: 494
  • # of teachers: 28
6
GreatSchools Rating

Charles Baxter Junior High School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 56
6
GreatSchools Rating

Everman Joe C. Bean High School

  • Education Level: High
  • # of students: 1,372
  • # of teachers: 92
4
GreatSchools Rating
 

$248,369$303,562$275,965

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,018
Property Tax -$676
Property Insurance -$134
HOA -$15
Property Management Fees -$99
CASH FLOW
-$412

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$275,965

PROJECTED PRICE

$1,530

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,131

INVESTMENT

$75,131

Down Payment
$68,991
Rehab Estimate
$2,000
Closing Costs
$4,139

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,991
Loan Amount $206,974
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$14

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,572

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5503$1,5954$1,6795$1,750
$1,750
RENT COMPS ANALYSIS
  • 1217 Royal Meadows Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.83
    •  
  • 1904 Alanbrooke Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2006
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 1017 Trinidad Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2006
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 1512 Queens Brook Lane Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 2006
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,679
    • $0.85
    •  
  • 1037 Mckavett Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,036 Sqft ∙ Built 2004
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472416
Last Updated: 11/21/2020
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