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3221 Brixton Drive Fort Worth, TX 76137

4 Beds 3 Baths 2,538 sqft Built 2011

$285,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $112.29
  • 2 Days on Market
  • MLS # : 14471439
  • Updated Date : 11/14/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,538 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Realty Source, Llc

Listing Agent's Description

Beautiful 4 bedroom & 2.5 bath home in quiet, established neighborhood in sought after Keller ISD. Master is on the 1st floor with all other bedrooms upstairs. Eat in kitchen with bar overlooking the family room allows for an open concept. Master suite with large walk in closet. Oversized utility room with shelves, formal dining and half bath downstairs. Three oversized bedrooms, full bath, flex space and separate room perfect for storage or craft room upstairs. Large backyard with storage shed for all your yard equipment. NEW ROOF AS OF NOVEMBER 13TH. NEW PAINT BOTH INSIDE AND OUTSIDE. Come check out this move in ready home 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: Fossil Park

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Fossil Park

NeighborhoodNIR 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
Basswood Elementary School Primary Regular 512 41 6
Fossil Hill Middle School Middle Regular 918 66 6
Fossil Ridge High School High Regular 2,308 133 7

Basswood Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 41
6
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,052
Property Tax -$653
Property Insurance -$174
HOA -$17
Property Management Fees -$99
CASH FLOW
-$44

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$10k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8703$1,9504$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 3221 Brixton Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 6705 Cambrian Way Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,314 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,314 Sqft ∙ Built 1999
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 6652 Friendsway Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2007
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.74
    •  
  • 3228 Sadie Trail Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2011
    LEASED 06/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 3745 Redwood Creek Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2009
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
PROPERTY LISTING DETAILS
Natalie Marshall
Texas Realty Source, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471439
Last Updated: 11/14/2020
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