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1218 Brenham Court Allen, TX 75013

4 Beds 4 Baths 3,562 sqft Built 2000

$599,999

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $168.44
  • 5 Days on Market
  • MLS # : 14452936
  • Updated Date : 10/30/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,562 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

STUNNING 4 Bed 3.5 Bath luxury home in sought after Twin Creeks. Inside you will find thoughtful design & fabulous details in every room! Highly upgraded & immaculate finish out including supreme millwork, custom lighting & designer touches at every turn. Spacious living room boasts beautiful stone fireplace w built-in cabinets & windows overlooking serene back yard oasis. Gourmet kitchen w premium cabinetry, double oven & large walk-in pantry. Large executive office w built ins. Private master suite has luxurious spa-like master bath. Upstairs has large game room & additional flex space. Beautiful backyard w sparkling pool, relaxing spa, & built-in grill makes this home perfect for entertaining! Welcome Home!

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: Twin Creeks

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Twin Creeks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263455

* 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
Boon Elementary School Primary Regular 770 47 10
Boon Elementary School Middle Regular 770 47 10
Lowery Freshman Center High Regular 1,571 104 8

Boon Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 47
10
GreatSchools Rating

Boon Elementary School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 47
10
GreatSchools Rating

Lowery Freshman Center

  • Education Level: High
  • # of students: 1,571
  • # of teachers: 104
8
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,214
Property Tax -$1,155
Property Insurance -$233
HOA -$48
Property Management Fees -$99
CASH FLOW
-$908

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.

$599,999

PROJECTED PRICE

$2,840

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$71

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,823

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,8003$2,8404$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 1218 Brenham Court Allen, TX 3
    • 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.80
    •  
  • 1059 Enchanted Rock Drive Allen, TX 1
    • 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2014
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.74
    •  
  • 1405 Mcclure Drive Allen, TX 2
    • 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 2001
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.80
    •  
  • 1042 Enchanted Rock Drive Allen, TX 4
    • 4 beds 4 baths ∙ 3,682 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,682 Sqft ∙ Built 2014
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.79
    •  
  • 1230 Brenham Drive Allen, TX 5
    • 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2000
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
PROPERTY LISTING DETAILS
Pam Heinrich
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14452936
Last Updated: 10/30/2020
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