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5154 Brook Meadow Lane Fort Worth, TX 76133

5 Beds 3 Baths 2,797 sqft Built 1999

$285,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $101.89
  • 2 Days on Market
  • MLS # : 14505420
  • Updated Date : 01/23/2021 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,797 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Fantastic 5 Bedroom 2.5 BA home in a great community. This home features nice wood floors, granite counters, a gas cooktop. There are 3 living areas, the third of which is upstairs. There is a nice covered patio in the backyard. Schedule your showing today!

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: Summer Creek Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Summer Creek Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9191974

* 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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

  • Education Level: High
  • # of students: 2,442
  • # of teachers: 148
4
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$990
Property Tax -$653
Property Insurance -$189
HOA -$13
Property Management Fees -$99
CASH FLOW
-$44

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.

$285,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
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$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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,846

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,9004$1,9455$2,025
$2,025
RENT COMPS ANALYSIS
  • 5154 Brook Meadow Lane Fort Worth, TX 3
    • 5 beds 3 baths ∙ 2,797 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,797 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 4900 Palm Ridge Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2001
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.65
    •  
  • 8024 Sunscape Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,750 Sqft ∙ Built 1992
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.65
    •  
  • 7301 Moon Ridge Court Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2001
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.66
    •  
  • 4912 Shell Ridge Drive Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,964 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,964 Sqft ∙ Built 2002
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.68
    •  
PROPERTY LISTING DETAILS
Joshua Shelton
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505420
Last Updated: 01/23/2021
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