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2449 Mcadoo Lane Fort Worth, TX 76131

4 Beds 2 Baths 1,583 sqft Built 1980

$179,990

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $113.70
  • 3 Days on Market
  • MLS # : 14463744
  • Updated Date : 11/01/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,583 sqft
  • Baths : 1 full , 1 half
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

Come take a look at this 4 bedroom home!! Open floor plan is perfect for entertaining!! Tile and laminate flooring throughout. Huge lot with a covered carport! New stainless steal appliances in kitchen. Granite installed October 2020. Home has been freshly painted in October 2020. Close proximity to HWY 820, 35 and downtown Fort Worth!!

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: Northbrook

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $103k243k

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

Neighborhood: Northbrook

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
Northbrook Elementary School Primary Regular 653 41 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Northbrook Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 41
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$161,991$197,989$179,990

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$664
Property Tax -$413
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
$86

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.

$179,990

PROJECTED PRICE

$1,380

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.1%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,447

INVESTMENT

$53,447

Down Payment
$44,998
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,998
Loan Amount $134,993
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$17,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,441

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,265
1$1,2652$1,3493$1,3804$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 2449 Mcadoo Lane Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,583 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,583 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.87
    •  
  • 2420 Sweetwood Drive Fort Worth, TX 1
    • 3 beds 1 baths ∙ 1,410 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,410 Sqft ∙ Built 1980
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $0.90
    •  
  • 2408 Sweetwood Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1980
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.89
    •  
  • 1009 Whistle Saginaw, TX 4
    • 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,695 Sqft ∙ Built 1996
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 1764 Independence Road Blue Mound, TX 5
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1998
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
PROPERTY LISTING DETAILS
Josiah Carter
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463744
Last Updated: 11/01/2020
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