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

4909 Brianhill Drive Fort Worth, TX 76135

3 Beds 2 Baths 1,180 sqft Built 2004

$165,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $139.83
  • 3 Days on Market
  • MLS # : 14465449
  • Updated Date : 11/06/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,180 sqft
  • Baths : 2 full
Listing Agent

The Cao Realty Group

Listing Agent's Description

The perfect place to call home, 3 bedroom, 2 full bath. Perfect for first time home buyer. Large back yard. Great home to entertain open concept, beautiful kitchen. Garage was converted into a bedroom. NO SHOWING UNTIL NOVEMBER 8, 2020

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: Jenkins Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $71k243k

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

Neighborhood: Jenkins Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7881734

* 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
Greenfield Elementary School Primary Regular 754 38 8
Ed Willkie Middle School Middle Regular 862 53 5

Greenfield Elementary School

  • Education Level: Primary
  • # of students: 754
  • # of teachers: 38
8
GreatSchools Rating

Ed Willkie Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 53
5
GreatSchools Rating
 

$148,500$181,500$165,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$609
Property Tax -$378
Property Insurance -$95
Property Management Fees -$99
CASH FLOW
$199

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.

$165,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.84%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 18.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$27,675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,375

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3493$1,3504$1,3805$1,395
$1,395
RENT COMPS ANALYSIS
  • 4909 Brianhill Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.17
    •  
  • 6708 Roxanne Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1986
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.18
    •  
  • 6721 Rhea Ridge Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1987
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $1.15
    •  
  • 4216 Canyon Trail Lake Worth, TX 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1985
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.11
    •  
  • 6607 Lakeside Drive Lake Worth, TX 5
    • 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1988
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.22
    •  
PROPERTY LISTING DETAILS
Adriana Albarran
The Cao Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465449
Last Updated: 11/06/2020
BESbswy