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

12225 Glenview Lane Farmers Branch, TX 75234

3 Beds 2 Baths 1,901 sqft Built 1997

$415,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $218.31
  • 5 Days on Market
  • MLS # : 14469230
  • Updated Date : 11/11/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,901 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

LOCATION, LOCATION, LOCATION! This quaint, 3 bedroom, 2 bath home tucked away in a tranquil neighborhood is sure to be a fit for all! Sitting on a corner lot provides extra privacy and the best part? HOA takes care of the front AND backyard! More yard - less maintenance! Hardwood floors throughout all main living areas, including bedrooms, and tile in all wet areas including kitchen & bathrooms. Spacious kitchen features granite countertops, plenty of cabinet space & even the refrigerator stays! Upgrades to the master bath will surely leave an impression with the detailed tiled glass shower and garden tub, and his & her sinks! LocaEasy access to 635 & 35, shopping, dining & entertainment! This won't last long!

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: Chapel Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $116k369k

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

Neighborhood: Chapel Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262490

* 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
Janie Stark Elementary School Primary Regular 692 40 8
Vivian Field Middle School Middle Regular 971 64 4
R.l. Turner High School High Regular 2,072 136 5

Janie Stark Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 40
8
GreatSchools Rating

Vivian Field Middle School

  • Education Level: Middle
  • # of students: 971
  • # of teachers: 64
4
GreatSchools Rating

R.l. Turner High School

  • Education Level: High
  • # of students: 2,072
  • # of teachers: 136
5
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,531
Property Tax -$908
Property Insurance -$137
HOA -$83
Property Management Fees -$99
CASH FLOW
-$679

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.

$415,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.1%
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-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$4

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,034

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0803$2,500
$2,500
RENT COMPS ANALYSIS
  • 12225 Glenview Lane Farmers Branch, TX 2
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.09
    •  
  • 2518 Danny Lane Farmers Branch, TX 1
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1983
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 13903 Rawhide Parkway Farmers Branch, TX 3
    • 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,224 Sqft ∙ Built 2014
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Mila Yakhnis
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469230
Last Updated: 11/11/2020
BESbswy