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3720 Hawksbrook Lane Fort Worth, TX 76137

3 Beds 2 Baths 1,691 sqft Built 2021

$331,690

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $196.15
  • 3 Days on Market
  • MLS # : 14500986
  • Updated Date : 01/15/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,691 sqft
  • Baths : 2 full
Listing Agent

Toby Jones

Listing Agent's Description

NEW CONSTRUCTION - Enclave at Fossil Creek in Fort Worth. Single story with brick and stone exterior - Elevation B. Available for April 2021 move-in. 3BR, 2BA + Fireplace + Covered Patio + Smart Home Features - 1739 sq.ft. Open concept layout with stainless steel appliances, quartz countertops, 42inch upper cabinetry - white linen, and beautiful wall tile in Kitchen. Fireplace with tile surround in Gathering Room and bay window in Owner's Suite.

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

Zip Code: 76137

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76137

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$298,521$364,859$331,690

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,152
Property Tax -$760
Property Insurance -$125
HOA -$51
Property Management Fees -$99
CASH FLOW
-$537

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$331,690

PROJECTED PRICE

$1,650

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,898

INVESTMENT

$89,898

Down Payment
$82,923
Rehab Estimate
$2,000
Closing Costs
$4,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,152

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,923
Loan Amount $248,768
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$1

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,657

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6954$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3720 Hawksbrook Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 5908 Blanchard Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 2001
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 3844 Weatherstone Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 2006
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 3953 Esker Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2019
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 3913 Esker Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 2019
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
PROPERTY LISTING DETAILS
Lee Jones
Toby Jones
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500986
Last Updated: 01/15/2021
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