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7601 Brook Meadow Lane Fort Worth, TX 76133

5 Beds 3 Baths 2,574 sqft Built 2004

$349,984

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $135.97
  • 5 Days on Market
  • MLS # : 14530303
  • Updated Date : 03/12/2021 at 13:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,574 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Gorgeous, immaculately renovated from top to bottom 2 story home in a quiet neighborhood in Fort Worth. Rare find with a very spacious floorplan with vaulted ceilings, 5 bed, 3 bath, 2 car attached garage w single doors. Great for entertainment, sitting on over 0.35-acre lot w a great sized backyard featuring a pergola. This beautiful home features new granite throughout, laminate (no carpet) and ceramic tile. A master bath you will never want to leave w walk in shower, and stand-alone garden tub, double sink vanities and walk-in closets. Nest Smart Thermostats. New stainless steel kitchen appliances. New HVAC units under manufacturer's warranty. Dont miss out she will go fast!

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
Dallas Park Elementary School Primary Regular 644 35 3
Summer Creek Middle School Middle Regular 779 52 4
North Crowley High School High Regular 2,442 148 4

Dallas Park Elementary School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 35
3
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
 

$314,986$384,982$349,984

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,216
Property Tax -$802
Property Insurance -$176
HOA -$11
Property Management Fees -$99
CASH FLOW
-$244

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.

$349,984

PROJECTED PRICE

$2,060

PROJECTED RENT

0.59%

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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$98,496

INVESTMENT

$98,496

Down Payment
$87,496
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,496
Loan Amount $262,488
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,207

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,0653$2,0954$2,1505$2,350
$2,350
RENT COMPS ANALYSIS
  • 7601 Brook Meadow Lane Fort Worth, TX 1
    • 5 beds 3 baths ∙ 2,574 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,574 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.80
    •  
  • 4713 Palm Ridge Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2001
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,065
    • $0.77
    •  
  • 4813 Palm Ridge Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2001
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 8036 Branch Hollow Trail Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 2012
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 7609 Greengage Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
PROPERTY LISTING DETAILS
Felipe Soares
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530303
Last Updated: 03/12/2021
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