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1716 Northbrook Lane 
Sherman, TX
75092
4 Beds 3 Baths 1,782 sqft
Built 1998
INVESTimate
$205,000
List Price
$60,075
REQUEST INFO
SCHEDULE APPOINTMENT
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $115.04
- 2 Days on Market
- MLS # : 14414512
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,782 sqft
- Baths : 3 full
Listing Agent
Frontier Properties
Listing Agent's Description
Do not miss this 4 bedroom 3 bath home that features two master suites. Plenty of space for the family with large living room with wood burning fireplace, large eat in galley kitchen. Everyone will love the nicely landscaped front yard as well as the fenced over sized backyard. Enjoy the covered patio and the peacefulness this place has to offer. Conveniently located near the future High School, highways, shopping and dining.
SEE MORE
- . 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: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$470 | |
| Property Insurance | -$124 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$50
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$205,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 6.10% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
4.17
YEARS SAVED
$9,413
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,550
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1716 Northbrook Lane Sherman, TX 3
- 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,500
- $0.84
-
1301 Mallard Drive Sherman, TX 1
- 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2002
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
3402 Sherbrooke Place Sherman, TX 2
- 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 2005
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,495
- $0.89
-
1829 Pebblebrook Lane Sherman, TX 4
- 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1996
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,595
- $0.84
-
3509 Sherbrooke Place Sherman, TX 5
- 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 2003
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,650
- $0.90
PROPERTY LISTING DETAILS
Frontier Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14414512
Last Updated: 08/25/2020
