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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $120.79
- 3 Days on Market
- MLS # : 14518851
- Updated Date : 02/19/2021 at 20:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,145 sqft
- Baths : 3 full
Listing Agent
Re/max Four Corners
Listing Agent's Description
Welcome Home to Arrow Brooke! A grand exterior of brick and stone invite you in to relax and unwind in this beautiful open floor plan overlooking the greenbelt. Open kitchen with large island allows for great entertaining and gathering! You will find the owner's suite with a great walk-in closet and one secondary bedroom down, with three oversized bedrooms complete with walk-in closets and a large game room up. There is ample storage throughout. A desirable community with amenities to suite every life-style, you're sure to feel right at home! You won't want to miss this one!
SEE MORE
- 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: 76227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$864 | |
| Property Insurance | -$209 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$217
|
||
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
$2,340
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
1.5
YEARS SAVED
$3,310
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,296
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
1724 Ridge Creek Lane Aubrey, TX 4
- 5 beds 3 baths ∙ 3,145 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,145 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,340
- $0.74
-
5680 Colchester Drive Prosper, TX 1
- 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2013
![property image]()
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,000
- $0.67
-
5640 Colchester Drive Prosper, TX 2
- 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2014
![property image]()
LEASED 06/18/20- Rent
- Rent Per SQFT
- $2,250
- $0.74
-
910 English Ivy Drive Prosper, TX 3
- 4 beds 4 baths ∙ 2,996 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,996 Sqft ∙ Built 2014
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,300
- $0.77
-
1617 Settlement Way Aubrey, TX 5
- 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2016
![property image]()
LEASED 01/21/20- Rent
- Rent Per SQFT
- $2,500
- $0.74
PROPERTY LISTING DETAILS
Re/max Four Corners
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518851
Last Updated: 02/19/2021
