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7032 Bremerton Drive Dallas, TX 75252

3 Beds 5 Baths 3,456 sqft Built 1985

INVESTimate

$559,000

List Price

$2,950

$2,700 - $3,200

Rent Est.

$605,900  ( +8.39%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $161.75
  • 6 Days on Market
  • MLS # : 14418675
  • Updated Date : 08/23/2020 at 13:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,456 sqft
  • Baths : 4 full , 1 half
Listing Agent

The Drew Company

Listing Agent's Description

Beautiful custom 1-story family home with 3-car garage, pool & glorious backyard oasis that is loaded with custom detailing. Incredibly light & bright with crisp white smooth textured walls, high ceilings & lots of tall windows. Rich moldings, extensive wood flooring, updated fixtures & hardware, elaborate wood-work & custom built-ins. Open versatile floorplan with 2 large living areas connected by pass-thru fireplace, 4.5 baths & 2 Master Suites each with grand baths. Remodeled bright kitchen with granite counters, gas cooktop, SS appliances & wine refrigerator overlooks spacious family room. Large covered patio overlooks extremely private backyard with custom pool-spa. Lush landscaping & mood lighting.

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: Highlands of McKamy

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k426k

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

Neighborhood: Highlands of McKamy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9472837

* 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
Jackson Elementary School Primary Regular 594 54 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Jackson Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 54
6
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$2,062
Property Tax -$1,104
Property Insurance -$227
HOA -$20
Property Management Fees -$99
CASH FLOW
-$562

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.

$559,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.39%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,430

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,981

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7003$2,9504$2,9955$3,095
$3,095
RENT COMPS ANALYSIS
  • 7032 Bremerton Drive Dallas, TX 3
    • 3 beds 5 baths ∙ 3,456 Sqft ∙ Built 1985 3 beds 5 baths ∙ 3,456 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.85
    •  
  • 7603 Maribeth Drive Dallas, TX 1
    • 4 beds 4 baths ∙ 3,306 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,306 Sqft ∙ Built 1998
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.82
    •  
  • 7501 Trent Place Dallas, TX 2
    • 4 beds 3 baths ∙ 3,345 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,345 Sqft ∙ Built 1998
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.81
    •  
  • 7610 Kevin Drive Dallas, TX 4
    • 4 beds 3 baths ∙ 3,321 Sqft ∙ Built 1977 4 beds 3 baths ∙ 3,321 Sqft ∙ Built 1977
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.90
    •  
  • 17906 Old Preston Court Dallas, TX 5
    • 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $0.92
    •  
PROPERTY LISTING DETAILS
Andrew Montoya
The Drew Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418675
Last Updated: 08/23/2020
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