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17574 Bottlebrush Drive Dallas, TX 75252

3 Beds 2 Baths 1,845 sqft Built 2020

$461,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $249.86
  • 5 Days on Market
  • MLS # : 14494468
  • Updated Date : 01/06/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

Location, Location, Location!!! Lifestyle & Exemplary PLANO (PISD) Schools meet in this BRAND NEW 2020 contemporary open floorplan single story home. Centrally located just off George Bush 190 Hwy, close to US75, Dallas North Tollway,635, Airports, and downtown. With University of Texas in its backyard, entertainment, food, fitness, and shopping are in walking distance; and a public DART Bus Stop at the entrance of the neighborhood. This home features luxury in its stucco exterior, metal roof, designer quartz counters, high ceiling, 8ft doors, upgraded pantry, custom cast-stone fireplace, freestanding soaking bathtub, custom master shower, dual sinks, wood plantation shutter & Rinnai tankless water heater

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $102k403k

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

Neighborhood: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9472548

* 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
Aldridge Elementary School Primary Regular 508 35 7
Wilson Middle School Middle Regular 877 62 6
Plano Senior High School High Regular 2,766 155 9

Aldridge Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 35
7
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 62
6
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$414,900$507,100$461,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,601
Property Tax -$911
Property Insurance -$134
HOA -$54
Property Management Fees -$99
CASH FLOW
-$649

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$461,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$124,165

INVESTMENT

$124,165

Down Payment
$115,250
Rehab Estimate
$2,000
Closing Costs
$6,915

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,601

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,250
Loan Amount $345,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$27

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,375

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,4703$2,4954$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 17574 Bottlebrush Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.17
    •  
  • 17753 Agave Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2018
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.27
    •  
  • 8329 Oxalis Lane Dallas, TX 3
    • 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2018
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.29
    •  
  • 1225 Naples Drive Richardson, TX 4
    • 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 2013
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.30
    •  
  • 17558 Sequoia Drive Dallas, TX 5
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2019
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.29
    •  
PROPERTY LISTING DETAILS
Muniraj Janagarajan
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494468
Last Updated: 01/06/2021
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