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4141 Sweet Clover Lane Fort Worth, TX 76036

3 Beds 2 Baths 2,043 sqft Built 2017

$265,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $129.71
  • 3 Days on Market
  • MLS # : 14461366
  • Updated Date : 11/01/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,043 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

This home is immaculate. It truly shows like a model!! As you enter you are greeted with a welcoming foyer leading to a dining room or office with window seats. The KIT is a chefs delight with furniture quality cabinetry, a large island, oversized pantry, extended buffet, SS appliances... The KIT opens up to the spacious FR with a FP. The master suite is fit for a queen with her own dressing, makeup room, large closet. Enjoy the back patio or front yard with added lush landscaping, shrubs, pernnials, extra trees, raised beds. Upgrades such as custom closets, lighting, tall front door, carpet are just a few of the homes many enhancements. This home is 4 BEDROOM CAPABLE with a simple addition of a partition.

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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: Rosemary Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Rosemary Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
Crowley High School High Regular 2,033 150 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$978
Property Tax -$607
Property Insurance -$145
HOA -$19
Property Management Fees -$99
CASH FLOW
-$68

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.

$265,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,793

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5853$1,7504$1,7805$1,900
$1,900
RENT COMPS ANALYSIS
  • 4141 Sweet Clover Lane Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.87
    •  
  • 4309 Red Clover Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2007
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 4125 Summersweet Lane Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2015
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.89
    •  
  • 4321 Twinleaf Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2007
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 9613 Cypress Lake Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2014
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
PROPERTY LISTING DETAILS
Janice Warman
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461366
Last Updated: 11/01/2020
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