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1533 Sarah Brooks Drive Keller, TX 76248

4 Beds 2 Baths 2,538 sqft Built 1992

INVESTimate

$408,000

List Price

$2,500

$2,250 - $2,750

Rent Est.

$430,603  ( +5.54%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $160.76
  • 2 Days on Market
  • MLS # : 14416471
  • Updated Date : 08/25/2020 at 16:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,538 sqft
  • Baths : 2 full
Listing Agent

Alexander Chandler Realty Llc

Listing Agent's Description

Rare find, house comes equipped with RV Pad with 50 Amp circuit. Roof installed in 2019 with 3 yr warranty. Split bedroom layout with open concept very large den and living room. The kitchen boasts an island, breakfast bar, and abundance of cabinets and counter space. Well maintained lush St. Augustine grass, mature trees and beautifully landscaped, peaceful backyard has a covered patio. Over-sized 2 car garage, 2 storage sheds, 3 walk-in closets in the master suite. Most windows are newer with beautiful picture frame windows. New board on board fence on 2 sides and new gate. Highly sought Keller ISD home, is walking distance to Shadygrove Elementary, close to shops and rest. with easy access to hwys.

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Shady Grove Elementary School Primary Regular 458 32 8
Indian Springs Middle School Middle Regular 869 53 8
Keller High School High Regular 2,645 145 10

Shady Grove Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 32
8
GreatSchools Rating

Indian Springs Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 53
8
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$367,200$448,800$408,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,505
Property Tax -$856
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
-$134

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.

$408,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.54%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,870

INVESTMENT

$113,870

Down Payment
$102,000
Rehab Estimate
$5,750
Closing Costs
$6,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,000
Loan Amount $306,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$12,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,563

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,5004$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 1533 Sarah Brooks Drive Keller, TX 3
    • 4 beds 2 baths ∙ 2,538 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,538 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 1403 Ashmore Court Keller, TX 1
    • 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,667 Sqft ∙ Built 2001
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.94
    •  
  • 8105 Pecan Ridge Drive North Richland Hills, TX 2
    • 3 beds 2 baths ∙ 2,414 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,414 Sqft ∙ Built 1997
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.04
    •  
  • 8501 Layna Court North Richland Hills, TX 4
    • 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,512 Sqft ∙ Built 2001
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.07
    •  
  • 914 Rush Creek Road Keller, TX 5
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1991
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
PROPERTY LISTING DETAILS
Dana Cassidy
Alexander Chandler Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416471
Last Updated: 08/25/2020
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