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7616 Berrenda Drive Fort Worth, TX 76131

3 Beds 2 Baths 1,947 sqft Built 2012

$275,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $141.24
  • 2 Days on Market
  • MLS # : 14508428
  • Updated Date : 01/30/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,947 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

OPEN HOUSE SUNDAY FROM 2-4PM. NO SHOWINGS UNTIL 2PM ON SUNDAY! KELLER ISD Professional photos uploaded on later today. This Move-In Ready home boasts nearly 2000 square and wide open Living Room, Kitchen and Eat-in Area. Newer Kitchen Appliances and Farm Sink; newer carpet in bedrooms and fresh paint throughout. Quiet neighborhood, close to new Elementary and park, pool jogging path and dog park are only steps away.

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: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR 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
Sunset Valley Elementary School Primary Unknown NA
Fossil Ridge High School High Regular 2,308 133 7
Sunset Valley Elementary School Primary Regular NA

Sunset Valley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Sunset Valley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$955
Property Tax -$630
Property Insurance -$140
HOA -$52
Property Management Fees -$99
CASH FLOW
-$106

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.

$275,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7454$1,7455$1,770
$1,770
RENT COMPS ANALYSIS
  • 7616 Berrenda Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,947 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.91
    •  
  • 2324 Canchim Street Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2011
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 7525 Charbray Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2015
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 2308 Bermont Red Lane Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 2016
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.90
    •  
  • 2308 Angoni Way Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 2013
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.90
    •  
PROPERTY LISTING DETAILS
Sherri Neal
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508428
Last Updated: 01/30/2021
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