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1100 Barrington Drive Prosper, TX 75078

4 Beds 2 Baths 2,180 sqft Built 2010

$319,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $146.33
  • 3 Days on Market
  • MLS # : 14525363
  • Updated Date : 03/06/2021 at 19:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,180 sqft
  • Baths : 2 full
Listing Agent

Avignon Realty

Listing Agent's Description

MULTI OFFERS. BEST AND FINAL BY 12PM Sunday. Beautiful one story home located on a canal in the established neighborhood of Glenbrooke Estates. Great open floor plan with four bedrooms and two full baths. The fourth bedroom has tile flooring making it great as a bedroom or office. Bright open kitchen featuring double ovens, a butcher block island and lots of cabinet space. The Kitchen, breakfast area and living room are all open to each other making it great for families and entertaining. Additional living room can also be utilized as a game room. Beautiful backyard overlooking the canal gives you the perfect setting for a morning coffee or relaxing after a long day.

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: Glenbrooke Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Neighborhood: Glenbrooke Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,108
Property Tax -$608
Property Insurance -$153
HOA -$33
Property Management Fees -$99
CASH FLOW
-$251

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.

$319,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,621

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8954$1,8955$2,090
$2,090
RENT COMPS ANALYSIS
  • 1100 Barrington Drive Prosper, TX 1
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 5710 Glenbrook Drive Prosper, TX 2
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2009
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 5500 Manitou Drive Prosper, TX 3
    • 4 beds 2 baths ∙ 2,338 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,338 Sqft ∙ Built 2009
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 5480 Crestwood Drive Prosper, TX 4
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2007
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
  • 940 Lancashire Lane Prosper, TX 5
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2012
    property image
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.93
    •  
PROPERTY LISTING DETAILS
Trang Ho
Avignon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525363
Last Updated: 03/06/2021
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