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532 Braewick Drive Fort Worth, TX 76131

3 Beds 2 Baths 1,678 sqft Built 2012

$258,300

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $153.93
  • 2 Days on Market
  • MLS # : 14497101
  • Updated Date : 01/09/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,678 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

GET READY TO CALL THIS PRISTINE 3 BEDROOM, 2 BATHROOMS, 1 STORY HOME ALL YOURS! You will love the openness of this floorplan and the high ceilings. The well-appointed kitchen is open to the spacious living room and features dark cabinetry, ample counter space, and a large island. The peaceful primary bedroom is a great retreat and features an en-suite primary bathroom with a nice garden tub and a large walk-in closet with extra built-ins for storage. Enjoy the covered back patio with room for a grill and your patio furniture. Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Fossil Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Neighborhood: Fossil Park Estates

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
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
 

$232,470$284,130$258,300

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$897
Property Tax -$592
Property Insurance -$124
HOA -$31
Property Management Fees -$99
CASH FLOW
-$93

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.

$258,300

PROJECTED PRICE

$1,650

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.6%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$74,200

INVESTMENT

$74,200

Down Payment
$64,575
Rehab Estimate
$5,750
Closing Costs
$3,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$897

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,575
Loan Amount $193,725
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7004$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 532 Braewick Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 10000 Pyrite Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2016
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 529 Foxcraft Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2014
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 433 Magma Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 2013
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 517 Braewick Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2014
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497101
Last Updated: 01/09/2021
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