Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3804 S Brookridge Court Bedford, TX 76021

4 Beds 3 Baths 3,302 sqft Built 2014

$454,990

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $137.79
  • 74 Days on Market
  • MLS # : 14442979
  • Updated Date : 12/12/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,302 sqft
  • Baths : 3 full
Listing Agent

Dfw New Home Finder

Listing Agent's Description

Don't miss this stunning 4BD 3BA home with soaring 2 story entry, staircase with iron spindles, art niches, crown molding, open concept through out, 2in blinds through out, gourmet kitchen with island, tumbled stone backsplash, granite, custom 42in upper cabinets with undermount lighting, walk in pantry, gas cook top, mud room, laundry rm with sink, family room with wood burning fireplace and coffered ceiling detail, designer arched hallways and rounded corners, Lg game rm or media rm up, decorative pan ceiling in master, walkin closet, granite, walkin shower, jetted tub, separate dual vanities, office with French doors and a covered patio complete this home. Full Matterport Virtual Tour. This beauty won't last

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: Bedford

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k284k

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

Neighborhood: Bedford

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10092127

* 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
Spring Garden Elementary School Primary Regular 596 38 7
Harwood Junior High School Middle Regular 998 57 8
Harwood Junior High School High Regular 998 57 8

Spring Garden Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 38
7
GreatSchools Rating

Harwood Junior High School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating

Harwood Junior High School

  • Education Level: High
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating
 

$409,491$500,489$454,990

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,679
Property Tax -$921
Property Insurance -$218
HOA -$80
Property Management Fees -$99
CASH FLOW
-$327

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.

$454,990

PROJECTED PRICE

$2,670

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,322

INVESTMENT

$126,322

Down Payment
$113,748
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,748
Loan Amount $341,243
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,965

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,038

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,670
1$2,6702$2,8503$2,895
$2,895
RENT COMPS ANALYSIS
  • 3804 S Brookridge Drive Bedford, TX 1
    • 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.81
    •  
  • 3817 Bentley Drive Bedford, TX 2
    • 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2015
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
  • 4113 Parkview Court Bedford, TX 3
    • 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.97
    •  
PROPERTY LISTING DETAILS
Gary Grunewald
Dfw New Home Finder
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14442979
Last Updated: 12/12/2020
BESbswy