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202 Brook Circle Krum, TX 76249

3 Beds 2 Baths 1,144 sqft Built 1987

$179,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $157.26
  • 3 Days on Market
  • MLS # : 14473107
  • Updated Date : 11/21/2020 at 14:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,144 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

When Dorothy said, There's no place like home, this is what she had in mind! Tastefully remodeled 3br, 2ba home with over 1100 square feet in Krum. You will find a living room that opens into the breakfast nook, just off the galley style kitchen with granite countertops. New paint, flooring, light fixtures, and windows are just a few of the recent enhancements. The master bedroom has an en suite bath and walk in closet. The large backyard is fenced and has a nice storage shed to store your lawn appliances. Conveniently located 7 miles from Denton and close to Krum schools, the public library, as well as local shops and restaurants in downtown Krum. Easy access to I-35. Take a look at the 3D virtual tour!

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: Dove Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $95k336k

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

Neighborhood: Dove Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7772171

* 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
Dodd Intermediate School Primary Regular 309 24 5
Krum Middle School Middle Regular 486 33 5
Krum High School High Regular 596 43 6

Dodd Intermediate School

  • Education Level: Primary
  • # of students: 309
  • # of teachers: 24
5
GreatSchools Rating

Krum Middle School

  • Education Level: Middle
  • # of students: 486
  • # of teachers: 33
5
GreatSchools Rating

Krum High School

  • Education Level: High
  • # of students: 596
  • # of teachers: 43
6
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$664
Property Tax -$362
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
$162

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.

$179,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$26,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,304

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4003$1,4004$1,425
$1,425
RENT COMPS ANALYSIS
  • 202 Brook Circle Krum, TX 1
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.21
    •  
  • 12 Finley Circle Krum, TX 2
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1981
    property image
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 3 W Sharon Drive Krum, TX 3
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1985
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.01
    •  
  • 204 Brook Circle Krum, TX 4
    • 3 beds 2 baths ∙ 1,036 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,036 Sqft ∙ Built 1987
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.38
    •  
PROPERTY LISTING DETAILS
Jeramiah German
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473107
Last Updated: 11/21/2020
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