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1000 Brushwood Drive Irving, TX 75063

5 Beds 4 Baths 3,355 sqft Built 1985

$479,900

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $143.04
  • 2 Days on Market
  • MLS # : 14505178
  • Updated Date : 01/23/2021 at 13:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,355 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

OPEN HOUSE Saturday January 23rd 2:00-4:00. Gorgeous 5 bedroom in Valley Ranch with backyard oasis. Tons of natural light, open living area, wood floors, master and 2 bedrooms down with another 2 bedrooms and huge game room with wet bar upstairs. Relax outside with heated pool and spa, outdoor bar and surround sound with privacy fence all around. Converted garage just off the pool can be used as an additional bedroom, living area or game room. Pictures coming Saturday, January 23rd

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

Neighborhood: Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $107k392k

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

Neighborhood: Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10432590

* 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
Valley Ranch Elementary School Primary Regular 638 37 10
Coppell Middle East Middle Regular 905 55 10
Coppell High School High Regular 3,136 192 8

Valley Ranch Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 37
10
GreatSchools Rating

Coppell Middle East

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 55
10
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$1,667
Property Tax -$1,060
Property Insurance -$221
HOA -$38
Property Management Fees -$99
CASH FLOW
-$216

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.

$479,900

PROJECTED PRICE

$2,870

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
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$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,877

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6503$2,6954$2,8705$2,950
$2,950
RENT COMPS ANALYSIS
  • 1000 Brushwood Drive Irving, TX 4
    • 5 beds 4 baths ∙ 3,355 Sqft ∙ Built 1985 5 beds 4 baths ∙ 3,355 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $0.86
    •  
  • 1023 Candlewood Trail Irving, TX 1
    • 4 beds 3 baths ∙ 3,168 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,168 Sqft ∙ Built 2003
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.84
    •  
  • 1100 Cedar Valley Drive Irving, TX 2
    • 4 beds 3 baths ∙ 3,168 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,168 Sqft ∙ Built 2004
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.84
    •  
  • 9010 Jasmine Lane Irving, TX 3
    • 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2000
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.88
    •  
  • 9108 Bottlebrush Lane Irving, TX 5
    • 4 beds 3 baths ∙ 3,410 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,410 Sqft ∙ Built 2001
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Janice B James
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505178
Last Updated: 01/23/2021
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