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9616 Bragg Road Fort Worth, TX 76177

3 Beds 2 Baths 1,654 sqft Built 2008

INVESTimate

$229,900

List Price

$1,620

$1,458 - $1,782

Rent Est.

$248,890  ( +8.26%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $139.00
  • 21 Days on Market
  • MLS # : 14397962
  • Updated Date : 08/22/2020 at 08:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,654 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty Llc

Listing Agent's Description

This well maintained home is perfect for a growing family with a baby on the way or a first time home buyer who wants a great backyard for their fur babies. In Northwest ISD, this home is located well to commute to the Alliance Corridor, or downtown Fort Worth. When first entering the house, a flexible space makes it easy for the new homeowner to make it their own space. A modern kitchen is adjacent to the living area for easy entertaining. A split floor plan puts the master bedroom on the other side of the house from the two secondary bedrooms. A good sized backyard makes this home very pet friendly.

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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: 76177

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

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

Zip Code: 76177

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* 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
O.a. Peterson Elementary School Primary Regular 770 48 6
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Regular 2,552 147 8

O.a. Peterson Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
6
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

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-$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$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$848
Property Tax -$527
Property Insurance -$123
HOA -$21
Property Management Fees -$99
CASH FLOW
$2

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$229,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,5753$1,5954$1,6005$1,620
$1,620
RENT COMPS ANALYSIS
  • 9616 Bragg Road Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.98
    •  
  • 2176 Benning Way Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2007
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.98
    •  
  • 9608 Manassas Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2007
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
  • 2144 Benning Way Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2005
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 2129 Franks Street Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2006
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
PROPERTY LISTING DETAILS
Adam Wright
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14397962
Last Updated: 08/22/2020
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