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156 Eagles Crest Lane Brock, TX 76087

3 Beds 3 Baths 2,244 sqft Built 2017

$379,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $169.30
  • 3 Days on Market
  • MLS # : 14541263
  • Updated Date : 03/26/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,244 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rutledge Realty Group, Llc

Listing Agent's Description

CHARMING PREOWNED HOME IN EAGLES CREST ESTATES IN HIGHLY SOUGHT AFTER BROCK ISD! MINUTES FROM ALL THE CAMPUSES AND JUST A FEW MILES TO I-20 THIS HOME IS POSITIONED FOR CONVENIENCE TO MAKE YOUR LIFE A LITTLE EASIER. BEAUTIFUL VIEW OF RANCH LAND FROM COVERED BACK PORCH AND SPACIOUS BACKYARD. COZY OPEN FLOOR PLAN, GORGEOUS KITCHEN, LARGE ISLAND-BREAKFAST BAR, STAINLESS APPLIANCES. MASTER BEDROOM HAS A SITTING AREA OR WORKSPACE, GREAT BATH WITH FREE STANDING TUB AND MASTER CLOSET THAT CONNECTS TO THE LAUNDRY ROOM. LARGE MUDROOM SPACE PERFECT FOR STORING BACK PACKS, SPORTS BAGS, AND MUDDY SHOES.

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MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k342k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Brock Elementary School Primary Regular 552 34 5
Brock Middle School Middle Regular 271 18 7
Brock High School High Regular 352 28 8

Brock Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 34
5
GreatSchools Rating

Brock Middle School

  • Education Level: Middle
  • # of students: 271
  • # of teachers: 18
7
GreatSchools Rating

Brock High School

  • Education Level: High
  • # of students: 352
  • # of teachers: 28
8
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,320
Property Tax -$738
Property Insurance -$157
Property Management Fees -$99
CASH FLOW
$17

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.

$379,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,468

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,330
1$2,3302$2,750
$2,750
RENT COMPS ANALYSIS
  • 156 Eagles Crest Lane Brock, TX 1
    • 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,244 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.04
    •  
  • 130 Brock Lane Millsap, TX 2
    • 4 beds 4 baths ∙ 2,498 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,498 Sqft ∙ Built 2016
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.10
    •  
PROPERTY LISTING DETAILS
Amy Rutledge
Rutledge Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541263
Last Updated: 03/26/2021
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