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9133 Bronze Meadow Drive Fort Worth, TX 76131

4 Beds 2 Baths 2,004 sqft Built 2017

$299,990

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $149.70
  • 2 Days on Market
  • MLS # : 14536806
  • Updated Date : 03/20/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,004 sqft
  • Baths : 2 full
Listing Agent

Jpar Arlington

Listing Agent's Description

Gorgeous Lennar home with a dynamic split floor plan and formal dining room, fireplace and covered patio! Features include home Automation Wifi Certified Home, woodlook tile, granite countertops, full sod, full sprinklers, GE stainless steel appliance package including the refrigerator, built in pest control system radiant barrier, 16Seer HVAC and much more! Come and tour the home you'll be sure to create fond memories in. *Leaseback needed for on or before May 1st*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$269,991$329,989$299,990

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,042
Property Tax -$688
Property Insurance -$143
HOA -$54
Property Management Fees -$99
CASH FLOW
-$176

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.

$299,990

PROJECTED PRICE

$1,850

PROJECTED RENT

0.62%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,247

INVESTMENT

$85,247

Down Payment
$74,998
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,998
Loan Amount $224,993
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,999

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,8504$1,9995$2,150
$2,150
RENT COMPS ANALYSIS
  • 9133 Bronze Meadow Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 244 Wild Onion Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2020
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 9300 Flying Eagle Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2019
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 8720 Copper River Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2020
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.96
    •  
  • 8705 Landergin Mesa Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 2020
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.03
    •  
PROPERTY LISTING DETAILS
Dorothy Michel
Jpar Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536806
Last Updated: 03/20/2021
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