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16029 Brelsford Place Prosper, TX 75078

4 Beds 4 Baths 3,313 sqft Built 2017

$448,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $135.50
  • 3 Days on Market
  • MLS # : 14499468
  • Updated Date : 02/05/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,313 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Central

Listing Agent's Description

Spacious Village Builder home on a corner lot in Prosper ISD! Wood floors, gas fireplace, tray ceilings, & crown molding add great character. Upgraded chef’s kitchen with white cabinets features a tapered vent hood, double ovens, walk-in pantry, and the large island offers seating in addition to the breakfast nook and gorgeous dining room. Private owners’ suite includes separate vanities, linen closet, large walk-in closet, oversized shower, and soaker tub. First floor also has a study and guest room with an adjoining full hall bath. Upstairs game room with built-ins and media! Community has 2 pools, fitness centers, a soccer field, a dog park, many green spaces, walking trails, & playgrounds. 3D Tour in Links!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Stuber Elementary Primary Unknown NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Stuber Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$404,010$493,790$448,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,559
Property Tax -$1,070
Property Insurance -$219
HOA -$55
Property Management Fees -$99
CASH FLOW
-$262

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.

$448,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,709

INVESTMENT

$124,709

Down Payment
$112,225
Rehab Estimate
$5,750
Closing Costs
$6,734

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,559

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,225
Loan Amount $336,675
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,957

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,740
1$2,7402$2,8003$2,8954$2,9955$3,050
$3,050
RENT COMPS ANALYSIS
  • 16029 Brelsford Place Prosper, TX 1
    • 4 beds 4 baths ∙ 3,313 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,313 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.83
    •  
  • 16429 Toledo Bend Court Prosper, TX 2
    • 5 beds 5 baths ∙ 3,152 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,152 Sqft ∙ Built 2013
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.89
    •  
  • 15604 Governors Island Way Prosper, TX 3
    • 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.83
    •  
  • 1613 Commons Way Prosper, TX 4
    • 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2015
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.92
    •  
  • 3001 Renmuir Drive Prosper, TX 5
    • 5 beds 4 baths ∙ 3,273 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,273 Sqft ∙ Built 2019
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.93
    •  
PROPERTY LISTING DETAILS
Eryn Parker
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499468
Last Updated: 02/05/2021
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