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5860 Brightfield Road Fort Worth, TX 76137

5 Beds 3 Baths 2,851 sqft Built 2019

$410,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $143.81
  • 5 Days on Market
  • MLS # : 14533840
  • Updated Date : 03/25/2021 at 11:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,851 sqft
  • Baths : 3 full
Listing Agent

Chandler Crouch, Realtors

Listing Agent's Description

This beautiful brick home is ready for you! The huge backyard is the perfect place to create your own paradise while having the city at your fingertips. The kitchen is a chef's dream with large island, double ovens, 5 burner gas stove, Quartz countertops, tile backsplash, pantry and open floor plan with the perfect set up for entertaining. The master suite is a stunning place to retreat, with an extended dual vanity, oversized shower with rainfall shower head and a regular showerhead, and a huge walk in closet. The flexible floorplan includes a built in desk with a private area for work, a split bedroom floorplan and gorgeous flooring throughout. Close to shopping, golf course and more, don't miss this one!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 76137

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76137

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,424
Property Tax -$940
Property Insurance -$192
HOA -$35
Property Management Fees -$99
CASH FLOW
-$210

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.

$410,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,649

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,416

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1503$2,2004$2,4805$2,700
$2,700
RENT COMPS ANALYSIS
  • 5860 Brightfield Road Fort Worth, TX 4
    • 5 beds 3 baths ∙ 2,851 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,851 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.87
    •  
  • 5776 Gleneagles Circle Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2001
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.74
    •  
  • 3745 Redwood Creek Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2009
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
  • 4029 Esker Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2019
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 4105 Shores Court Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2000
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.94
    •  
PROPERTY LISTING DETAILS
Chandler Crouch
Chandler Crouch, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533840
Last Updated: 03/25/2021
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