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841 Meadow Scape Drive Burleson, TX 76028

3 Beds 2 Baths 2,209 sqft Built 2018

$273,500

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $123.81
  • 4 Days on Market
  • MLS # : 14526350
  • Updated Date : 03/06/2021 at 11:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,209 sqft
  • Baths : 2 full
Listing Agent

Premier Realty Group, Llc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. HIGHEST & BEST offers by 8pm SATURDAY, March 6. Beautiful 3-2 home in DR Horton Deer Meadow Addition. Open floor plan perfect for entertaining. Master suite has French doors leading into the bathroom & large walk-in closet. Spacious living room with beautiful engineered wood floors perfect for family gatherings. Kitchen equipped with granite island, lots of cabinets and storage. Secondary bedrooms separated by bonus 2nd living area. Makes a great game room, office, or 2nd living area with closet. Extra features include Smart Home Technology, full sprinkler system, and covered patio. Easy access to downtown Fort Worth, but still offers that country charm!

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

Zip Code: 76028

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k258k

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

Zip Code: 76028

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$246,150$300,850$273,500

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$950
Property Tax -$684
Property Insurance -$155
HOA -$14
Property Management Fees -$99
CASH FLOW
$19

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.

$273,500

PROJECTED PRICE

$1,920

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
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-$4.0k-$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$78,228

INVESTMENT

$78,228

Down Payment
$68,375
Rehab Estimate
$5,750
Closing Costs
$4,103

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$950

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,375
Loan Amount $205,125
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,933

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,7954$1,9205$1,945
$1,945
RENT COMPS ANALYSIS
  • 841 Meadow Scape Drive Burleson, TX 4
    • 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.87
    •  
  • 12204 Rolling Ridge Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 2002
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 12301 Hunters Knoll Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,008 Sqft ∙ Built 2012
    property image
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.88
    •  
  • 1308 Doe Meadow Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 2007
    property image
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 12108 Bellegrove Road Burleson, TX 5
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007
    property image
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.80
    •  
PROPERTY LISTING DETAILS
Linda Mccombs
Premier Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526350
Last Updated: 03/06/2021
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