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544 Bromeliad Drive Fort Worth, TX 76052

3 Beds 2 Baths 1,796 sqft Built 2012

$250,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $139.20
  • 5 Days on Market
  • MLS # : 14462658
  • Updated Date : 10/31/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,796 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Worldwide

Listing Agent's Description

Adorable Lennar Onyx Open Floorplan~ New Carpeting~ Granite and Gas Stove in Kitchen~Split Bedrooms. This beautiful property has upgraded landscaping and stonework and the first impression will speak volumes, freshly stained front door, new mulch and trimmed shrubbery is just the beginning journey to viewing this home. Low utility bills with energy-efficient windows and radiant barrier insulation is a plus. The kitchen refrigerator and stone outside table will be staying for the new owners as a bonus. This property is extremely clean and welcoming. Bring your pickiest buyers... community pool and playground is a short distance just across the street within walking distance.

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: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k336k

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

Neighborhood: Sendera Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$922
Property Tax -$573
Property Insurance -$131
HOA -$46
Property Management Fees -$99
CASH FLOW
$49

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.

$250,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$16,693

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,8004$1,8205$1,895
$1,895
RENT COMPS ANALYSIS
  • 544 Bromeliad Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.01
    •  
  • 760 Mexicali Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 2008
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
  • 14349 Artisan Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2013
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 14324 Broomstick Road Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2014
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 556 Bromeliad Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2012
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
PROPERTY LISTING DETAILS
Stacy Fritchen
Berkshire Hathawayhs Worldwide
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462658
Last Updated: 10/31/2020
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