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8732 Copper Meadow Drive Fort Worth, TX 76131

3 Beds 2 Baths 1,931 sqft Built 2021

$307,794

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $159.40
  • 7 Days on Market
  • MLS # : 14496348
  • Updated Date : 01/11/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,931 sqft
  • Baths : 2 full
Listing Agent

Escape Realty

Listing Agent's Description

Built by M-I Homes - Beautifully designed and crafted by MI Homes on oversized lot. Home is 3 bedrooms and 2 bath, with a flex room. The family room is spacious and allows for any kind of entertaining or an intimate gathering. The gourmet kitchen is positioned to look onto the family and dining rooms inviting conversations and fellowship. This home has amazing amenities including granite in the kitchen, Luxury Vinyl Plank flooring in the kitchen, dining foyer, family room and extended foyer, subway ceramic tile backsplash, pendant lights over the oversized kitchen island and much more. This home has Whole Home Certified Features including Tankless Hot Water Heater, 16 SEER AC and Radiant barrier roof decking.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$277,015$338,573$307,794

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,069
Property Tax -$746
Property Insurance -$139
HOA -$54
Property Management Fees -$99
CASH FLOW
-$217

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$307,794

PROJECTED PRICE

$1,890

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 3.00%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,565

INVESTMENT

$83,565

Down Payment
$76,949
Rehab Estimate
$2,000
Closing Costs
$4,617

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,069

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,949
Loan Amount $230,846
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,926

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,8904$1,9995$2,150
$2,150
RENT COMPS ANALYSIS
  • 8732 Copper Meadow Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.98
    •  
  • 244 Wild Onion Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2020
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 9300 Flying Eagle Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 8720 Copper River Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2020
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.96
    •  
  • 8705 Landergin Mesa Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 2020
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.03
    •  
PROPERTY LISTING DETAILS
Cassian Bernard
Escape Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496348
Last Updated: 01/11/2021
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