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8928 Brook Hill Lane Fort Worth, TX 76244

4 Beds 3 Baths 3,150 sqft Built 2006

INVESTimate

$299,900

List Price

$2,130

$1,917 - $2,343

Rent Est.

$322,153  ( +7.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $95.21
  • 6 Days on Market
  • MLS # : 14415152
  • Updated Date : 08/24/2020 at 11:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,150 sqft
  • Baths : 2 full , 1 half
Listing Agent

Magnolia Realty Argyle

Listing Agent's Description

WELCOME HOME to this updated 4 bedrooms, 2 and a half bath in Keller ISD. Kitchen features stainless steel appliances, gorgeous stone back splash, granite counter tops, storage galore with plenty of cabinets, and fresh paint throughout the entire first floor. Downstairs primary bedroom and bathroom with separate shower and garden tub. Upstairs, you will find over sized game room and all secondary bedrooms with large walk-in closets. Beautiful spacious backyard with a covered patio backs to greenbelt, Just walking distance from the neighborhood pool and playground. Placed just minutes from a variety of restaurants and the Heritage Trace Plaza, plus easy access to 35W and 287. Schedule a private tour today!

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: Arcadia Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Arcadia Park

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
Chisolm Trail Intermediate School Primary Regular 883 58 5
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Chisolm Trail Intermediate School

  • Education Level: Primary
  • # of students: 883
  • # of teachers: 58
5
GreatSchools Rating

Fossil Hill Middle School

  • Education Level: Middle
  • # of students: 918
  • # of teachers: 66
6
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,107
Property Tax -$687
Property Insurance -$209
HOA -$33
Property Management Fees -$99
CASH FLOW
-$5

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.

$299,900

PROJECTED PRICE

$2,130

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,134

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0953$2,1004$2,1305$2,150
$2,150
RENT COMPS ANALYSIS
  • 8928 Brook Hill Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.68
    •  
  • 9004 Brook Hill Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 2006
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.63
    •  
  • 9009 Tate Avenue Fort Worth, TX 2
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2005
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.68
    •  
  • 4912 Happy Trail Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2005
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.70
    •  
  • 9156 Brook Hill Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jaymie Tenpenny
Magnolia Realty Argyle
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415152
Last Updated: 08/24/2020
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