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17928 Brent Drive Dallas, TX 75287

4 Beds 2 Baths 2,074 sqft Built 1997

$359,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $173.10
  • 3 Days on Market
  • MLS # : 14535499
  • Updated Date : 03/20/2021 at 14:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,074 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. DEADLINE FOR BEST & HIGHEST DUE AT 8PM March 21. Discover this beautiful, move-in ready 4 bedroom, 2 bathroom, one-story home with an inviting pool! Hardwood floors lead you into a welcoming living and dining space. The updated kitchen with adjacent breakfast nook is open to the family room with views into your backyard oasis, which is complete with a covered patio and speakers ready to entertain! Neutral paint colors, high vaulted ceilings, and plenty of natural light. Easy access to major freeways and in close proximity to parks, walking trails, and everyday conveniences. This home is a must-see!

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

Neighborhood: Frankford Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $102k376k

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

Neighborhood: Frankford Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9472157

* 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
Sheffield Elementary School Primary Regular NA
Dan F. Long Middle School Middle Regular 718 51 4
Newman Smith High School High Regular 1,973 126 6

Sheffield Elementary School

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

Dan F. Long Middle School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 51
4
GreatSchools Rating

Newman Smith High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 126
6
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,247
Property Tax -$710
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
-$103

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.

$359,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,457

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,079

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,9303$2,0504$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 17928 Brent Drive Dallas, TX 5
    • 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,074 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 18540 Shadow Ridge Drive Dallas, TX 1
    • 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 1992
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.93
    •  
  • 3043 Renaissance Court Dallas, TX 2
    • 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 1991
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.02
    •  
  • 3110 Somerville Lane Carrollton, TX 3
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1978
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 2808 Liberation Court Dallas, TX 4
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 1995
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.09
    •  
PROPERTY LISTING DETAILS
Janine Bayer
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535499
Last Updated: 03/20/2021
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