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6717 Ashbrook Drive Fort Worth, TX 76132

4 Beds 4 Baths 3,876 sqft Built 1985

$524,900

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $135.42
  • 5 Days on Market
  • MLS # : 14484502
  • Updated Date : 12/26/2020 at 18:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,876 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Impeccably maintained 1-story home in the highly desired Meadows West! This home boasts beautiful curb appeal with a circle driveway and lush landscaping. Flexible floorplan & large room sizes that provides an abundance of space for entertaining. A stunning formal living room is the heart of the home with a gorgeous FP and views to the covered patio, sparkling heated pool and spa. The Master suite includes a spacious Master bath, dual vanities, walk-in shower, jetted tub and double walk-in closets. The fabulous kitchen offers SS appliances, wet bar, pantry & island. The stunning family room featuring vaulted ceiling, FP and rich wood paneling. minuets from the Trinity Trails, Private Schools & Shopping centers.

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: Meadows West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $104k502k

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

Neighborhood: Meadows West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9192608

* 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
Ridglea Hills Elementary School Primary Regular 666 36 6
William Monnig Middle School Middle Regular 490 37 2
Arlington Heights High School High Regular 1,831 114 4

Ridglea Hills Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 36
6
GreatSchools Rating

William Monnig Middle School

  • Education Level: Middle
  • # of students: 490
  • # of teachers: 37
2
GreatSchools Rating

Arlington Heights High School

  • Education Level: High
  • # of students: 1,831
  • # of teachers: 114
4
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$1,937
Property Tax -$1,203
Property Insurance -$251
Property Management Fees -$99
CASH FLOW
$110

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.

$524,900

PROJECTED PRICE

$3,600

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$37,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,895

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6003$3,700
$3,700
RENT COMPS ANALYSIS
  • 6717 Ashbrook Drive Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,876 Sqft ∙ Built 1985 4 beds 4 baths ∙ 3,876 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.93
    •  
  • 6920 Allen Place Drive Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 1993
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.01
    •  
  • 6682 Trinity Heights Boulevard Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,689 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,689 Sqft ∙ Built 2001
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Miki Bloom
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484502
Last Updated: 12/26/2020
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