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7016 Brookvale Road Fort Worth, TX 76132

4 Beds 2 Baths 2,217 sqft Built 1987

$375,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $169.15
  • 4 Days on Market
  • MLS # : 14517977
  • Updated Date : 02/20/2021 at 20:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,217 sqft
  • Baths : 2 full
Listing Agent

League Real Estate

Listing Agent's Description

Beautiful, stylish one-story with a saltwater pool in desirable Quail Ridge. Backyard flowerbeds teeming with plants in spring, a private oasis perfect for entertaining or relaxing! So many updates: HVAC 2020. Roof replaced 2016. Stainless LG Cooktop 2017. Stainless Kitchen-aid dishwasher. Repainted 2015. Attractive lighting fixtures & recessed lighting. Plantation shutters added 2015. Salt converter replaced 2017. Water heater 2016. Remodeled shower in owners retreat 2015. Many entertaining spaces & good natural light. Mostly tile flooring & engineered wood with minimal carpet. Freshly landscaped in front. Covered porch in back. Nice layout. Not pictured: beautiful entry and formal dining room! Will go quick!!

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: Quail Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $88k325k

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

Neighborhood: Quail Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9192222

* 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
Oakmont Elementary School Primary Regular 561 39 5
Summer Creek Middle School Middle Regular 779 52 4
North Crowley High School High Regular 2,442 148 4

Oakmont Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 39
5
GreatSchools Rating

Summer Creek Middle School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 52
4
GreatSchools Rating

North Crowley High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,303
Property Tax -$860
Property Insurance -$155
Property Management Fees -$99
CASH FLOW
$4

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.

$375,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 5.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$15,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,045

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9953$2,1504$2,2955$2,420
$2,420
RENT COMPS ANALYSIS
  • 7016 Brookvale Road Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.09
    •  
  • 7501 Rall Circle Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1988
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 6905 Coldwater Canyon Road Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1999
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 7020 Lomo Alto Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1999
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.91
    •  
  • 7020 Brookvale Road Fort Worth, TX 4
    • 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 1986
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jeffries Anderson
League Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517977
Last Updated: 02/20/2021
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