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1823 Willowbrook Drive Terrell, TX 75160

4 Beds 2 Baths 1,620 sqft Built 2015

$210,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $129.63
  • 3 Days on Market
  • MLS # : 14526762
  • Updated Date : 03/06/2021 at 18:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Exalt Realty

Listing Agent's Description

Beautifully maintained home conveniently located in fast growing Terrell, TX. This 4 bedroom, single story home offers a great open concept floorplan that allows for entertaining between the kitchen and living area. Custom hand laid tile throughout the home is perfect for those looking to limit their allergy issues. Master bedroom is very spacious and offers a large closet. Split bedrooms allows for the perfect amount of privacy. 4th bedroom is currently being used as an office. Spacious yard is ready for your personal touch!

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: Town North Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Town North Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
W. H. Burnett Elementary School Primary Regular 595 32 NA
Herman Furlough Jr. Middle School Middle Regular 593 41 4
Terrell High School High Regular 1,087 79 3

W. H. Burnett Elementary School

  • Education Level: Primary
  • # of students: 595
  • # of teachers: 32
NA
GreatSchools Rating

Herman Furlough Jr. Middle School

  • Education Level: Middle
  • # of students: 593
  • # of teachers: 41
4
GreatSchools Rating

Terrell High School

  • Education Level: High
  • # of students: 1,087
  • # of teachers: 79
3
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$729
Property Tax -$541
Property Insurance -$121
Property Management Fees -$99
CASH FLOW
-$40

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.

$210,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$5,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,535

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4853$1,4954$1,5005$1,650
$1,650
RENT COMPS ANALYSIS
  • 1823 Willowbrook Drive Terrell, TX 1
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 1822 Willowbrook Drive Terrell, TX 2
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 2013
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $1.00
    •  
  • 120 Live Oak Lane Terrell, TX 3
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 2005
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 1703 Eastgate Drive Terrell, TX 4
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 2014
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 109 Oakcrest Circle Terrell, TX 5
    • 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2015
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
PROPERTY LISTING DETAILS
Amanda Hough
Exalt Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526762
Last Updated: 03/06/2021
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