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1 Meadowbrook Lane Trophy Club, TX 76262

4 Beds 3 Baths 2,520 sqft Built 1983

$419,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $166.27
  • 3 Days on Market
  • MLS # : 14466367
  • Updated Date : 11/06/2020 at 13:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,520 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Dfw Properties

Listing Agent's Description

Beautifully updated custom 4 bedroom on a huge corner lot within walking distance of Harmony Park. Enter to engineered maple wood floors. Gorgeous kitchen with Cambria quartz counters, custom maple cabinetry, built-in stainless double ovens - one is convection, bricked cooktop area & an island with its own sink. Open living room with beautiful stone wood burning fireplace. Private master retreat upstairs with sitting area & balcony. Master bath features a walk-in shower with 2 shower heads, dual vanities & a soaking tub. Backyard oasis with freshly painted deck, pergola & hot tub. Convenient to parks, Country Club & highly rated schools. Surrounded by mature trees, you will love this serene gem in Trophy Club.

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: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k487k

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

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263909

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,546
Property Tax -$795
Property Insurance -$173
Property Management Fees -$99
CASH FLOW
-$133

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.

$419,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,665

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,741

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4803$2,6004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 1 Meadowbrook Lane Trophy Club, TX 2
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.98
    •  
  • 40 W Hillside Place Trophy Club, TX 1
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1997
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.00
    •  
  • 57 Meadowbrook Lane Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1986
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.09
    •  
  • 609 Indian Creek Drive Trophy Club, TX 4
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1997
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 42 Panorama Circle Trophy Club, TX 5
    • 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 1999
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.16
    •  
PROPERTY LISTING DETAILS
Wes Walser
Texas Dfw Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466367
Last Updated: 11/06/2020
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