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12833 Breckenridge Court Fort Worth, TX 76177

3 Beds 2 Baths 1,645 sqft Built 2010

$265,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $161.09
  • 1 Days on Market
  • MLS # : 14455055
  • Updated Date : 11/14/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Justin

Listing Agent's Description

Abundant one-story home featuring engineered hardwood flooring, high ceilings and decorative lighting. This home draws you in to gather around the kitchen with its custom cabinets, abundant counter space, large breakfast bar and nook. It opens to the spacious living room with wood burning fireplace perfect for enjoying the cool nights together. The retreat of the large master suite will be an oasis for reclaiming your privacy and relaxing. The Valley Ridge neighborhood features jogging and bike path, park and a playground. All of this located in the sought-after school district of NWISD.

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: Valley Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Neighborhood: Valley Ridge

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
J. Lyndal Hughes Elementary School Primary Regular 547 35 5
John M. Tidwell Middle School Middle Regular 1,048 65 8

J. Lyndal Hughes Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
5
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$978
Property Tax -$607
Property Insurance -$122
HOA -$32
Property Management Fees -$99
CASH FLOW
-$108

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.

$265,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,7953$1,8954$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 12833 Breckenridge Court Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.05
    •  
  • 3441 Beekman Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 2005
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
  • 12812 Hidden Valley Court Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2012
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
  • 12421 Dogwood Springs Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2010
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.10
    •  
  • 3417 Beekman Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 2006
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.09
    •  
PROPERTY LISTING DETAILS
Cassie Samons
Jp And Associates Justin
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455055
Last Updated: 11/14/2020
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