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1710 Brookcrest Court Allen, TX 75002

4 Beds 4 Baths 4,061 sqft Built 2002

$535,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $131.74
  • 2 Days on Market
  • MLS # : 14509451
  • Updated Date : 01/30/2021 at 16:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,061 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

~You Got the Family, We Got the House!~ Astounding estate on near ½-ac lot in Country Brook Est & LOVEJOY ISD! Majestic welcome to towering 2-story & magical landscaping! Goodman Cstm w 4BR, 4BA, 4 Living, >4000 SqFt & 3-Car Ga to boot! BIG Open Kitch & island, 42” cstm cbnts, dble oven, day desk, Butler’s Pantry, soaring ceilings, gas logs, HUGE Owner’s Ste, Media, Game & Study, full bath down w walk-out (perfect for pool plans or add-on!) & a backyard of dreams! Full water filtration (reverse osmosis @ Kitch), wtr htrs ’16 & ’19, Roof ’19, AC up ’18 & solar screens for front! Amazing location near serene country roads, Lavon, Villages @ Allen, Fairview Town Ctr, the Outlets, Stacy Green, 121 & 75! MUST SEE!!!

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: Country Brook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k540k

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

Neighborhood: Country Brook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263468

* 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
Lovejoy Elementary School Primary Regular 435 33 10
Sloan Creek Intermediate School Middle Regular 679 43 10
Lovejoy High School High Regular 1,259 90 10

Lovejoy Elementary School

  • Education Level: Primary
  • # of students: 435
  • # of teachers: 33
10
GreatSchools Rating

Sloan Creek Intermediate School

  • Education Level: Middle
  • # of students: 679
  • # of teachers: 43
10
GreatSchools Rating

Lovejoy High School

  • Education Level: High
  • # of students: 1,259
  • # of teachers: 90
10
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$1,858
Property Tax -$1,030
Property Insurance -$262
HOA -$35
Property Management Fees -$99
CASH FLOW
$246

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.

$535,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$44,535

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,560

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,5003$3,5304$3,600
$3,600
RENT COMPS ANALYSIS
  • 1710 Brookcrest Court Allen, TX 3
    • 4 beds 4 baths ∙ 4,061 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,061 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $0.87
    •  
  • 1610 Sweetbay Drive Allen, TX 1
    • 4 beds 4 baths ∙ 3,808 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,808 Sqft ∙ Built 2003
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.83
    •  
  • 1602 Country Bend Allen, TX 2
    • 5 beds 4 baths ∙ 3,901 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,901 Sqft ∙ Built 2002
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
  • 1722 Mossbrook Lane Allen, TX 4
    • 4 beds 4 baths ∙ 4,016 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,016 Sqft ∙ Built 2001
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.90
    •  
PROPERTY LISTING DETAILS
Trent Yonkers
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 #: 14509451
Last Updated: 01/30/2021
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