Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4709 Sleepy Meadows Drive Fort Worth, TX 76244

4 Beds 3 Baths 2,425 sqft Built 2011

$310,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $127.84
  • 3 Days on Market
  • MLS # : 14522513
  • Updated Date : 02/26/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,425 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

Open House February, 27th from 12pm-2pm. BEAUTIFUL 4 bedroom 2 and a half bath home in award winning Keller ISD. Home features GORGEOUS laminate wood flooring, BRAND NEW carpet, stainless steel appliances, and game room. The master suite offers double vanities, separate tub and shower, and is conveniently located on the main floor. This home is a MUST SEE before it’s too late! Neighborhood has community pool and park. Great location! Close to shopping, entertainment, and dining. Easy access to Highway 377, 170, and 114.

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: Rolling Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Rolling Meadows

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
Ridgeview Elementary School Primary Regular 634 42 9
Timbercreek High School High Regular 2,957 160 8
Ridgeview Elementary School Primary Unknown NA

Ridgeview Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 42
9
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Ridgeview Elementary School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,077
Property Tax -$711
Property Insurance -$167
HOA -$31
Property Management Fees -$99
CASH FLOW
-$65

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.

$310,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
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

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0203$2,0254$2,0995$2,150
$2,150
RENT COMPS ANALYSIS
  • 4709 Sleepy Meadows Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.83
    •  
  • 4517 Grassy Glen Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 4628 Sleepy Meadows Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2012
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.85
    •  
  • 13128 Larks View Point Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2011
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.84
    •  
  • 13245 Palancar Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2014
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
PROPERTY LISTING DETAILS
Tony Green
Compass Re Texas, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522513
Last Updated: 02/26/2021
BESbswy