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408 Branding Iron Trail Fort Worth, TX 76131

3 Beds 2 Baths 1,641 sqft Built 2011

$232,500

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $141.68
  • 5 Days on Market
  • MLS # : 14461987
  • Updated Date : 11/01/2020 at 17:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,641 sqft
  • Baths : 2 full
Listing Agent

Homesmart Stars

Listing Agent's Description

OFFER DEADLINE. Monday, Nov 2nd at NOON. Well kept home in a very friendly community waiting to be moved into. Upon walking in, you will be welcomed into a warm living room space with vaulted ceilings. The spacious open concept kitchen area asks for your family and friends to come over for visits. And the patio and large backyard is ample room for pets, children, and adults to enjoy. Community pool, wonderful school districts, and amiable folk are just some of the things you will find in Bar C Ranch. Schedule your appointment 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: The Bar Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k265k

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

Neighborhood: The Bar Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191760

* 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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$209,250$255,750$232,500

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$858
Property Tax -$533
Property Insurance -$122
HOA -$37
Property Management Fees -$99
CASH FLOW
-$58

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.

$232,500

PROJECTED PRICE

$1,590

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,363

INVESTMENT

$67,363

Down Payment
$58,125
Rehab Estimate
$5,750
Closing Costs
$3,488

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$858

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,125
Loan Amount $174,375
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,607

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,600

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6253$1,7004$1,7255$1,725
$1,725
RENT COMPS ANALYSIS
  • 408 Branding Iron Trail Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.97
    •  
  • 328 Branding Iron Trail Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2012
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 357 Branding Iron Trail Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 2010
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 7908 Split Rock Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2015
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
  • 317 Mariscal Place Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2015
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
PROPERTY LISTING DETAILS
Michael Abrams
Homesmart Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461987
Last Updated: 11/01/2020
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