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2145 Brentcove Drive Grapevine, TX 76051

5 Beds 3 Baths 3,220 sqft Built 1991

$520,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $161.49
  • 6 Days on Market
  • MLS # : 14522493
  • Updated Date : 03/26/2021 at 18:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,220 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hally Jacobson

Listing Agent's Description

Elegant Traditional Home with curb appeal and great location in exemplary Carroll School District. Open concept living with vaulted ceiling, large kitchen and plenty of cabinet space. Luxurious master suite with sitting area, jetted tub and large walk in closet. Flexible 5th bedroom off master for second study or nursery. Just painted and new flooring. Walking distance to Dove Park with playground, pool and waterpark, tennis courts, pavilion and more! Minuets to DFW Airport, Southlake Towne Square, Historic Grapevine, restaurants and shopping. Explore Grapevine Lake trails by walking, jogging or bicycling! You can have it all!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Winding Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k422k

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

Neighborhood: Winding Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262907

* 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
Jack D. Johnson Elementary School Primary Regular 526 37 10
Carroll Senior High School High Regular 1,284 76 10
Jack D. Johnson Elementary School Primary Unknown NA

Jack D. Johnson Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 37
10
GreatSchools Rating

Carroll Senior High School

  • Education Level: High
  • # of students: 1,284
  • # of teachers: 76
10
GreatSchools Rating

Jack D. Johnson Elementary School

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

$468,000$572,000$520,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$1,806
Property Tax -$988
Property Insurance -$213
Property Management Fees -$99
CASH FLOW
-$27

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.

$520,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.7%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$21,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,236

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,0804$3,1005$3,450
$3,450
RENT COMPS ANALYSIS
  • 2145 Brentcove Drive Grapevine, TX 3
    • 5 beds 3 baths ∙ 3,220 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,220 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $0.96
    •  
  • 2081 Brookgate Drive Grapevine, TX 1
    • 4 beds 4 baths ∙ 2,985 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,985 Sqft ∙ Built 1994
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.97
    •  
  • 2141 Idlewood Drive Grapevine, TX 2
    • 4 beds 3 baths ∙ 3,174 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,174 Sqft ∙ Built 1990
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 2669 Pinehurst Drive Grapevine, TX 4
    • 5 beds 3 baths ∙ 3,088 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,088 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.00
    •  
  • 2701 Sandstone Drive Grapevine, TX 5
    • 4 beds 3 baths ∙ 3,124 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,124 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.10
    •  
PROPERTY LISTING DETAILS
Hally Jacobson
Hally Jacobson
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522493
Last Updated: 03/26/2021
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