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7700 Brook Meadow Lane 
Fort Worth, TX
76133
4 Beds 2 Baths 2,854 sqft
Built 1999
INVESTimate
$269,500
List Price
$77,168
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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $94.43
- 2 Days on Market
- MLS # : 14419726
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,854 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Move-in ready! East-facing 4-bdrm, 2 bath home features high ceilings, tons of natural light, neutral color palette and split floor plan. The eat-in kitchen comes equipped with a gas cook top, ample storage, pantry and center island. The spacious private master suite offer an ensuite bath with double sink vanity, jetted tub, separate shower and large walk-in closet. At the front of the home, three comfortable secondary bedrooms share the second full bath. Upstairs, you'll find a spacious second living area or game room. Outside, enjoy the covered patio, shed and privacy fence. HVAC unit replaced June 2020. Up to $4,000 in preferred lender INCENTIVES available for qualified buyers - ask agent #2 for details.
SEE MORE
- . 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: Summer Creek Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summer Creek Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$994 |
| Property Tax | -$618 | |
| Property Insurance | -$192 | |
| HOA | -$10 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$17
|
||
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.
$269,500
PROJECTED PRICE
$1,930
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.69% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,168
LOAN DETAILS
$994
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,375 |
| Loan Amount | $202,125 |
4.42
YEARS SAVED
$14,021
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,948
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
7700 Brook Meadow Lane Fort Worth, TX 3
- 4 beds 2 baths ∙ 2,854 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,854 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,930
- $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
-
4912 Shell Ridge Drive Fort Worth, TX 4
- 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
-
7508 Creek Meadow Drive Fort Worth, TX 5
- 5 beds 3 baths ∙ 2,797 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,797 Sqft ∙ Built 2000
LEASED 12/09/19- Rent
- Rent Per SQFT
- $2,095
- $0.75
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419726
Last Updated: 08/25/2020
