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

7401 Brightwater Road Fort Worth, TX 76132

4 Beds 4 Baths 3,689 sqft Built 2010

$585,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $158.58
  • 4 Days on Market
  • MLS # : 14441692
  • Updated Date : 12/11/2020 at 10:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,689 sqft
  • Baths : 3 full , 1 half
Listing Agent

Moore Real Estate

Listing Agent's Description

Don't miss this gorgeous home in highly sought-after River Hills II Subdivision. This home features 4 spacious bedrooms with 3 and a half bathrooms. The kitchen is a chefs dream, offering a 6 burner gas range, dual dishwashers, double ovens, two pantry's and an oversized island. Double sided fireplace between the master bedroom and bathroom create the perfect ambience. Upstairs there are 3 bedrooms, 2 full bathrooms, media, and game room. Covered back porch opens to a very nice yard. Two car garage with room for storage. This wonderful West Ft. Worth location is close to shopping, hospitals, Chisholm Trail Parkway and Oakmont Park, with many walking and biking trails as well as a picnic area and playground.

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

Zip Code: 76132

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k352k

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

Zip Code: 76132

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9192208

* 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
Ridglea Hills Elementary School Primary Regular 666 36 6
William Monnig Middle School Middle Regular 490 37 2
Arlington Heights High School High Regular 1,831 114 4

Ridglea Hills Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 36
6
GreatSchools Rating

William Monnig Middle School

  • Education Level: Middle
  • # of students: 490
  • # of teachers: 37
2
GreatSchools Rating

Arlington Heights High School

  • Education Level: High
  • # of students: 1,831
  • # of teachers: 114
4
GreatSchools Rating
 

$526,500$643,500$585,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$2,158
Property Tax -$1,341
Property Insurance -$240
HOA -$49
Property Management Fees -$99
CASH FLOW
-$357

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.

$585,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.6%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,394

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$3,5303$3,700
$3,700
RENT COMPS ANALYSIS
  • 7401 Brightwater Road Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,689 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,689 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $0.96
    •  
  • 6924 Vista Ridge Court Fort Worth, TX 1
    • 4 beds 4 baths ∙ 3,554 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,554 Sqft ∙ Built 1999
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.84
    •  
  • 6682 Trinity Heights Boulevard Fort Worth, TX 3
    • 4 beds 4 baths ∙ 3,689 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,689 Sqft ∙ Built 2001
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Deeann Moore
Moore Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14441692
Last Updated: 12/11/2020
BESbswy