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120 Bridlewood Street 
Azle, TX
76020
4 Beds 2 Baths 1,791 sqft
Built 2015
INVESTimate
$215,000
List Price
$62,725
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PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $120.04
- 2 Days on Market
- MLS # : 14420216
- Updated Date : 08/25/2020 at 04:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,791 sqft
- Baths : 2 full
Listing Agent
Re/max Trinity
Listing Agent's Description
BEAUTIFULLY MAINTAINED and WELL KEPT home located in Golden Pond Estates features 4 BEDROOMS, 2 BATHS, Covered back patio and open concept living. Open the door to an inviting entryway that flows into a spacious living room. Kitchen features granite countertops and stainless steel appliances including electric range, microwave, dishwasher and refrigerator. Spacious owner's retreat with dual sinks in bathroom and large walk in closet! Neighborhood features private pond, playground and walking trails.
SEE MORE
- . 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
Zip Code: 76020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76020
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$399 | |
| Property Insurance | -$131 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$189
|
||
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.
$215,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.86% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
8.67
YEARS SAVED
$29,831
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,778
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
120 Bridlewood Street Azle, TX 1
- 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,640
- $0.92
-
649 Clearbrook Street Azle, TX 2
- 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2016
LEASED 12/29/19- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
145 Bridlewood Street Azle, TX 3
- 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,832 Sqft ∙ Built 2015
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,690
- $0.92
-
653 Cameron Way Azle, TX 4
- 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2016
LEASED 10/31/19- Rent
- Rent Per SQFT
- $1,750
- $0.97
-
644 Cameron Way Azle, TX 5
- 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2016
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,850
- $1.05
PROPERTY LISTING DETAILS
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420216
Last Updated: 08/25/2020
