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2268 Laurel Forest Drive Fort Worth, TX 76177

4 Beds 3 Baths 2,623 sqft Built 2009

$335,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $127.72
  • 3 Days on Market
  • MLS # : 14507945
  • Updated Date : 02/04/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,623 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Trinity

Listing Agent's Description

GREAT home located in NWISD in the family friendly community of Tehama Ridge! FABULOUS and very popular floor plan! 3 CAR GARAGE! Welcoming entryway with formal dining and beautifully updated kitchen featuring granite, stainless steel appliances and gas cook top! Plenty of storage space! Neutral paint in main living areas, GORGEOUS hand scraped hardwood flooring and unique trim details! Oversized master suite down featuring garden tub and nice walk in closet! All secondary bedrooms up with game room plus MEDIA ROOM! Private ponds, walking paths and community park right around the corner! Walking distance to elementary school! Fun family events all year round in this great community! HOME awaits!

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: Tehama Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Tehama Ridge

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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,164
Property Tax -$768
Property Insurance -$179
HOA -$34
Property Management Fees -$99
CASH FLOW
-$93

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.

$335,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$7,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,216

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9953$2,1504$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 2268 Laurel Forest Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 2217 Frosted Willow Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2009
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.83
    •  
  • 9832 Gallatin Lane Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,455 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,455 Sqft ∙ Built 2005
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 9821 Gallatin Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2005
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
  • 2124 Stoney Gorge Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 2009
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
PROPERTY LISTING DETAILS
Haley Howard
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507945
Last Updated: 02/04/2021
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