Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1109 Brevito Drive Grand Prairie, TX 75052

4 Beds 3 Baths 2,698 sqft Built 1991

$299,500

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $111.01
  • 6 Days on Market
  • MLS # : 14515885
  • Updated Date : 02/09/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,698 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simplicity Real Estate, Llc

Listing Agent's Description

New roof just installed 10-2020 and ready for new owners! This home has all the open space you could want. 3 living, 4 bedrooms plus 2 dining area. Tall ceilings, open concept to formal living and formal dining as well as kitchen to 2nd living and eat-in dining area. Home features plant ledges for endless decorating possibilities.Large storage under stairs as well as upstairs closet.Master bedroom is spacious with bay window,decorative ceiling and large closet 8x8. Downstairs AC unit replaced in 7-19. Upstairs AC unit serviced 3-20. Conveniently located with easy access to I-20, 1382 and HWY 161. You will have plenty of options for shopping, dining out and entertainment with Epic indoor Water Park & Main Event.

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: Country Club Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k270k

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

Neighborhood: Country Club Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9591867

* 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
Whitt Fine Arts Academy Primary Regular 635 38 6
Ronald W. Reagan Middle School Middle Regular 770 51 7
Dubiski Career High School High Regular 1,486 86 8

Whitt Fine Arts Academy

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 38
6
GreatSchools Rating

Ronald W. Reagan Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 51
7
GreatSchools Rating

Dubiski Career High School

  • Education Level: High
  • # of students: 1,486
  • # of teachers: 86
8
GreatSchools Rating
 

$269,550$329,450$299,500

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,040
Property Tax -$729
Property Insurance -$183
Property Management Fees -$99
CASH FLOW
-$1

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.

$299,500

PROJECTED PRICE

$2,050

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.8%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,040

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,239

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0504$2,0505$2,200
$2,200
RENT COMPS ANALYSIS
  • 1109 Brevito Drive Grand Prairie, TX 4
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.76
    •  
  • 4434 Hanover Street Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 2,353 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,353 Sqft ∙ Built 1993
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 3807 Kentucky Court Grand Prairie, TX 2
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 1991
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 4210 Wren Court Grand Prairie, TX 3
    • 4 beds 2 baths ∙ 2,407 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,407 Sqft ∙ Built 1998
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 604 Joy Dianne Drive Grand Prairie, TX 5
    • 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 1999
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Shelley Stanfield
Simplicity Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515885
Last Updated: 02/09/2021
BESbswy