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8321 Clearbrook Drive Fort Worth, TX 76123

4 Beds 3 Baths 2,033 sqft Built 1996

$249,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $122.48
  • 1 Days on Market
  • MLS # : 14490689
  • Updated Date : 12/27/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,033 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tdrealty

Listing Agent's Description

Welcome home to this SPACIOUS residence that you and your family have been searching for! This beautiful updated MASTERPIECE won't last long with NEW carpet, NEW paint, & UPGRADED oil-rubbed light fixtures. It has 4 bedrooms, 2.5 baths, 2 dining, breakfast bar, pantry, & 2 living rooms. Upstairs enclosed living area can serve as 2nd master bedroom, game room, office, or whatever you see fit! Master bedroom has CULTURED MARBLE throughout & tile flooring. It has a COOKS KITCHEN! It comes with BLACK GRANITE countertops, SOLID OAKWOOD CABINETS, PORCELAIN TILE flooring, gas-range for a cook's delight. A backyard deck, GARDEN with veggies, peach and plum trees. Comes with a MONITORED SECURITY SYSTEM & so much more!!!

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: Hulen Springs Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Hulen Springs Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8911734

* 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
Jackie Carden Elementary School Primary Regular 485 36 5
Crowley Middle School Middle Regular 615 45 4
North Crowley High School High Regular 2,442 148 4

Jackie Carden Elementary School

  • Education Level: Primary
  • # of students: 485
  • # of teachers: 36
5
GreatSchools Rating

Crowley Middle School

  • Education Level: Middle
  • # of students: 615
  • # of teachers: 45
4
GreatSchools Rating

North Crowley High School

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

$224,100$273,900$249,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$919
Property Tax -$571
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$249,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,812

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6753$1,6954$1,8005$1,925
$1,925
RENT COMPS ANALYSIS
  • 8321 Clearbrook Drive Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,033 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,033 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 8300 Auburn Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 1988
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 3928 Garden Springs Drive Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 2002
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.83
    •  
  • 8508 Auburn Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1996
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 8312 Clearbrook Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1995
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
PROPERTY LISTING DETAILS
Greg Butler
Tdrealty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490689
Last Updated: 12/27/2020
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