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8424 Meadow Sweet Lane Fort Worth, TX 76123

4 Beds 3 Baths 2,626 sqft Built 2011

$329,875

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $125.62
  • 1 Days on Market
  • MLS # : 14498796
  • Updated Date : 01/17/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,626 sqft
  • Baths : 3 full
Listing Agent

Call It Closed Realty

Listing Agent's Description

This gorgeous home is immaculately kept and ready for immediate move in, in this growing neighborhood in the much sought after Crowley school district. It features a gourmet kitchen with granite countertops, gas burner stove, a butlers pantry and an amazing walk in pantry! 4 bedrooms AND a separate study with a closet so it could easily be a 5th bedroom!! Also a loft-gameroom space upstairs with room for a sitting area and gameroom space or a separate living area or study-classroom area for virtual school! This home is all you could want it to be and then some! Tons of original upgrades to this one owner home! Walking distance to the elementary school. MUST SEE!!! THIS WILL NOT LAST!

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: Primrose Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Primrose Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
Sue Crouch Intermediate School Primary Regular 501 27 5
Sue Crouch Intermediate School Middle Regular 501 27 5
North Crowley High School High Regular 2,442 148 4

Sue Crouch Intermediate School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

Sue Crouch Intermediate School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 27
5
GreatSchools Rating

North Crowley High School

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

$296,888$362,863$329,875

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,146
Property Tax -$756
Property Insurance -$179
HOA -$45
Property Management Fees -$99
CASH FLOW
-$25

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.

$329,875

PROJECTED PRICE

$2,200

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

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$93,167

INVESTMENT

$93,167

Down Payment
$82,469
Rehab Estimate
$5,750
Closing Costs
$4,948

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,469
Loan Amount $247,406
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,344

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2504$2,3005$2,525
$2,525
RENT COMPS ANALYSIS
  • 8424 Meadow Sweet Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 5817 Burgundy Rose Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2017
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 6409 Dove Chase Lane Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 2019
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 8249 Summerview Court Fort Worth, TX 4
    • 5 beds 4 baths ∙ 2,594 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,594 Sqft ∙ Built 2012
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 8441 High Garden Fort Worth, TX 5
    • 5 beds 5 baths ∙ 2,786 Sqft ∙ Built 2018 5 beds 5 baths ∙ 2,786 Sqft ∙ Built 2018
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,525
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lisa Haden
Call It Closed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498796
Last Updated: 01/17/2021
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