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1824 Glenbrook Court Bedford, TX 76021

4 Beds 3 Baths 2,376 sqft Built 1984

$405,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $170.45
  • 1 Days on Market
  • MLS # : 14471676
  • Updated Date : 11/14/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,376 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Stunning! Electric iron gated drvwy BACKS TO PARK. Wood entry and lg liv area with wbfpl, soaring vaulted beam ceiling, w built ins. Gorgeous stained glass windows to sunrm and skylights! Second liv boasts wainscoating and wet bar. MODERN FARMHOUSE kitchen w new lights, shiplap breakfast rm vaulted ceiling, window seats, new FARMHOUSE SINK, new microwave, new cooktop, and new faucet w ss and blck appliances. Lg Primary Bdrm has bay window and en-ste jacuzzi tub. New updates are AC inside w thermostat, mirrors, ROOF, gutters, hot wtr htr, granite, backsplsh, sinks, faucets, vent hood, garage opnr, int.paint, lights,fans,carpet,knobs,handles and more. Neighborhood holiday lights for display and sheds convey.

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MARKET HIGHLIGHTS

  • . 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

Neighborhood: Glenbrook

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k355k

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

Neighborhood: Glenbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10932500

* 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
Spring Garden Elementary School Primary Regular 596 38 7
Harwood Junior High School Middle Regular 998 57 8
Harwood Junior High School High Regular 998 57 8

Spring Garden Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 38
7
GreatSchools Rating

Harwood Junior High School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating

Harwood Junior High School

  • Education Level: High
  • # of students: 998
  • # of teachers: 57
8
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,494
Property Tax -$820
Property Insurance -$165
HOA -$20
Property Management Fees -$99
CASH FLOW
-$338

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.

$405,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,216

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0904$2,2605$2,500
$2,500
RENT COMPS ANALYSIS
  • 1824 Glenbrook Court Bedford, TX 4
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.95
    •  
  • 2920 Spring Oaks Court Bedford, TX 1
    • 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1978
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 1112 Clear View Drive Bedford, TX 2
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1978
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 2909 Matterhorn Drive Bedford, TX 3
    • 3 beds 4 baths ∙ 2,247 Sqft ∙ Built 1986 3 beds 4 baths ∙ 2,247 Sqft ∙ Built 1986
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.93
    •  
  • 1201 Oakgrove Lane Bedford, TX 5
    • 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,547 Sqft ∙ Built 1988
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kathy Johnson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471676
Last Updated: 11/14/2020
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