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4025 Burwood Drive Fort Worth, TX 76262

4 Beds 3 Baths 3,349 sqft Built 2007

$407,500

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $121.68
  • 3 Days on Market
  • MLS # : 14512456
  • Updated Date : 02/18/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,349 sqft
  • Baths : 2 full , 1 half
Listing Agent

2415 Realty

Listing Agent's Description

This home has everything you could possibly need located in desirable Chadwick Farms community minutes from Downtown Roanoke and in Northwest ISD! Downstairs has your formal dining, office area, and master bedroom. Space is everything in this house which you will notice from your large walk in pantry and laundry areas! Upstairs you will find 3 additional bedrooms and 3 living areas! A split level media room, sitting room, and massive game room. The back-yard is beautifully landscaped with 2 patios, a pergola and storage shed. Chadwick farms has 2 community parks and a pool with water features! Shopping and dining nearby and quick access to highways located between Dallas and Fort Worth.

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: Chadwick Farms

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k350k

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

Neighborhood: Chadwick Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262579

* 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
Cox Elementary Primary Unknown NA
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Unknown NA

Cox Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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:
  • # of teachers:
NA
GreatSchools Rating
 

$366,750$448,250$407,500

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,415
Property Tax -$849
Property Insurance -$221
HOA -$40
Property Management Fees -$99
CASH FLOW
-$34

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.

$407,500

PROJECTED PRICE

$2,590

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,738

INVESTMENT

$113,738

Down Payment
$101,875
Rehab Estimate
$5,750
Closing Costs
$6,113

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,415

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,875
Loan Amount $305,625
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,637

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4953$2,5004$2,5905$3,200
$3,200
RENT COMPS ANALYSIS
  • 4025 Burwood Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,349 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,349 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.77
    •  
  • 15456 Yarberry Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,029 Sqft ∙ Built 2006
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 15400 Yarberry Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,330 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,330 Sqft ∙ Built 2007
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.75
    •  
  • 15584 Yarberry Drive Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,293 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,293 Sqft ∙ Built 2012
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.76
    •  
  • 15028 Seventeen Lakes Boulevard Fort Worth, TX 5
    • 5 beds 4 baths ∙ 3,526 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,526 Sqft ∙ Built 2014
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kenny Conoley
2415 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512456
Last Updated: 02/18/2021
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