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12009 Bradford Pear Court Fort Worth, TX 76244

5 Beds 3 Baths 3,040 sqft Built 2003

INVESTimate

$299,000

List Price

$2,370

$2,133 - $2,607

Rent Est.

$321,216  ( +7.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $98.36
  • 6 Days on Market
  • MLS # : 14418371
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,040 sqft
  • Baths : 3 full
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

EXCEPTIONAL LOCATION IN VILLAGES OF WOODLAND SPRINGS! Low traffic street with green belt. Water slide pool across the street. This open concept homes offers 5 bedrooms and a study. The study could also be a bedroom, music room. Great kitchen opens to breakfast room, living area and formal dining; island could be breakfast bar. Roomy private master with en suite luxury bath. Second bedroom on first floor. Second floor offers three bedrooms and great game room. Great space for the price. Home needs cosmetic TLC, paint and flooring. IT IS PRICED ACCORDINGLY. Buyer's agents--PLEASE PREP YOUR BUYERS. This is a great opportunity to enter this fabulous planned community with large square footage.

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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: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Villages of Woodland Springs

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
Trinity Meadows Intermediate School Primary Regular 988 58 7
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Trinity Meadows Intermediate School

  • Education Level: Primary
  • # of students: 988
  • # of teachers: 58
7
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$2,133$2,607$2,370

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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 $2,370
EXPENSES Loan Payment -$1,103
Property Tax -$699
Property Insurance -$203
HOA -$45
Property Management Fees -$99
CASH FLOW
$221

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.

$299,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$35,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,599

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,3702$2,3953$2,4504$2,8755$2,900
$2,900
RENT COMPS ANALYSIS
  • 12009 Bradford Pear Court Fort Worth, TX 1
    • 5 beds 3 baths ∙ 3,040 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,040 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.78
    •  
  • 5216 Selago Drive Fort Worth, TX 2
    • 5 beds 4 baths ∙ 3,022 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,022 Sqft ∙ Built 2001
    property image
    LEASED 06/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
  • 11701 Pheasant Creek Drive Fort Worth, TX 3
    • 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,016 Sqft ∙ Built 2003
    property image
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 12716 Forest Glen Lane Fort Worth, TX 4
    • 4 beds 4 baths ∙ 3,170 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,170 Sqft ∙ Built 2015
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $0.91
    •  
  • 5505 White Willow Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,197 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,197 Sqft ∙ Built 2001
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.91
    •  
PROPERTY LISTING DETAILS
Toni Kisielewski
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418371
Last Updated: 08/22/2020
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