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1112 Park Glen Crowley, TX 76036

3 Beds 2 Baths 1,829 sqft Built 2001

INVESTimate

$229,900

List Price

$1,610

$1,449 - $1,771

Rent Est.

$248,936  ( +8.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $125.70
  • 3 Days on Market
  • MLS # : 14418200
  • Updated Date : 08/25/2020 at 07:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,829 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Great family home that is ready for introduction to its new family! Freshly painted exterior you will find when you drive up. Once inside you will find a split bedroom plan with the a large Living and Dining opening up to to the kitchen. Utility room is a separate room that can be closed off during laundry days. Good sized back yard with a covered patio and still room for the trampoline and dogs. Affordable living close to everything and easy access to toll road. Seller will leave flat screen wall mount.

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: Park Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $120k243k

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

Neighborhood: Park Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
Crowley High School High Regular 2,033 150 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,449$1,771$1,610

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-$4.0k-$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 $1,610
EXPENSES Loan Payment -$848
Property Tax -$570
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
-$40

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.

$229,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.28%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

3.5

YEARS SAVED

$8,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,550

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,5504$1,5505$1,610
$1,610
RENT COMPS ANALYSIS
  • 1112 Park Glen Crowley, TX 5
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.88
    •  
  • 1117 Park Crowley, TX 1
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2003
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.92
    •  
  • 1336 Meadowbrook Lane Crowley, TX 2
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004
    LEASED 10/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 1304 Meadowbrook Lane Crowley, TX 3
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2004
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 429 Angler Drive Crowley, TX 4
    • 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2008
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
PROPERTY LISTING DETAILS
Dana Skiles
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418200
Last Updated: 08/25/2020
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