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2036 Brookville Lane Flower Mound, TX 75028

4 Beds 3 Baths 2,012 sqft Built 1991

$335,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $166.50
  • 3 Days on Market
  • MLS # : 14521697
  • Updated Date : 02/27/2021 at 17:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,012 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

***Multiple offers received***Highest & Best by 8pm Sunday, February 28th***Fantastic home, offers the convenience of all that Flower Mound has to offer! Walking distance to schools, close to shopping & dining, gate with access to the beautiful greenbelt and walking trails. 4 bedrooms, 2.1 bath, spacious living area with gas start fireplace, great kitchen with stainless steel appliances, granite countertops open to the formal dining area. Master bath has a large garden tub with separate shower, dual sinks, granite countertops and a walk in closet. Upstairs has a loft, gameroom, and 3 bedrooms. Plenty of space for a growing family. Don't miss your chance to call this one home!!

SEE MORE

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: Lake Forest Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Lake Forest Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Donald Elementary School Primary Regular 497 36 7
Forestwood Middle School Middle Regular 693 49 8
Flower Mound High School High Regular 2,550 157 10

Donald Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 36
7
GreatSchools Rating

Forestwood Middle School

  • Education Level: Middle
  • # of students: 693
  • # of teachers: 49
8
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,164
Property Tax -$578
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
$336

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.

$335,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.5%
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$0.0$5.0k$10k$15k$20k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$46,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,153

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,2004$2,3005$2,320
$2,320
RENT COMPS ANALYSIS
  • 2036 Brookville Lane Flower Mound, TX 5
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.15
    •  
  • 2308 Sunflower Lane Flower Mound, TX 1
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1993
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
  • 2213 Ellis Drive Flower Mound, TX 2
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1993
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 2612 Southwestern Drive Flower Mound, TX 3
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 1991
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 2709 Graystone Drive Flower Mound, TX 4
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 1993
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
PROPERTY LISTING DETAILS
Kelly Ingram
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521697
Last Updated: 02/27/2021
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