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1300 Queens Brook Lane Fort Worth, TX 76140

3 Beds 2 Baths 1,638 sqft Built 2020

$267,834

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $163.51
  • 4 Days on Market
  • MLS # : 14492634
  • Updated Date : 12/31/2020 at 10:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,638 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14492634 - Built by Antares Homes - April completion! ~ Walk into the foyer with gorgeous and durable tile flooring. Featuring a wall of windows is the family room. The kitchen features a stainless-steel electric range, dishwasher, and microwave, ample granite countertop space, wrap-around bar, and a separate pantry. Enjoy a large master suite with vaulted ceilings, natural light, and a large walk-in closet. The adjoined bathroom includes a dual sink vanity, large garden tub, separate walk-in shower, and linen closet. Located near the master suite is direct access to the rear covered patio. Two additional bedrooms feature walk-in closets and have easy access to a full bathroom.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$241,051$294,617$267,834

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$988
Property Tax -$656
Property Insurance -$122
HOA -$15
Property Management Fees -$99
CASH FLOW
-$340

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.

$267,834

PROJECTED PRICE

$1,540

PROJECTED RENT

0.57%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$72,976

INVESTMENT

$72,976

Down Payment
$66,959
Rehab Estimate
$2,000
Closing Costs
$4,018

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$988

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,959
Loan Amount $200,876
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$63

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,5404$1,5505$1,749
$1,749
RENT COMPS ANALYSIS
  • 1300 Queens Brook Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.94
    •  
  • 1324 Castle Ridge Road Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2007
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 1021 Mckavett Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2004
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.02
    •  
  • 2029 Belshire Court Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,652 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,652 Sqft ∙ Built 2017
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 1700 Kings Glen Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2015
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.96
    •  
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 #: 14492634
Last Updated: 12/31/2020
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