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221 Pebblebrook Lane Glenn Heights, TX 75154

3 Beds 3 Baths 2,474 sqft Built 1999

$279,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $112.77
  • 6 Days on Market
  • MLS # : 14464192
  • Updated Date : 11/03/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,474 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Dallas Suburbs

Listing Agent's Description

Tons to love in this Glenn Heights Beauty. Big mature trees and great curb appeal greet you when you first arrive at this meticulously maintained and improved property. Original owners. This house has a terrific floor plan, with the master bedroom that is fit for royalty. The large and bright open kitchen has an absolutely amazing pantry, tons of storage and is situated for large family gatherings. Upstairs are two very good size bedrooms, a second living room and a gorgeous second floor porch that overlooks the expansive backyard. This house is a one-of-a-kind family home. Come see it and you won't want to leave.

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $110k243k

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10151734

* 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
D.t. Shields Elementary School Primary Regular 563 33 6
Red Oak Junior High School Middle Regular 872 52 6
Red Oak High School High Regular 1,794 115 5

D.t. Shields Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 33
6
GreatSchools Rating

Red Oak Junior High School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 52
6
GreatSchools Rating

Red Oak High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 115
5
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,029
Property Tax -$649
Property Insurance -$170
Property Management Fees -$99
CASH FLOW
$3

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$279,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,115

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9903$2,1504$2,2255$2,325
$2,325
RENT COMPS ANALYSIS
  • 221 Pebblebrook Lane Glenn Heights, TX 1
    • 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 521 Magnolia Lane Glenn Heights, TX 2
    • 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,415 Sqft ∙ Built 2005
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.82
    •  
  • 624 Roaring Springs Drive Glenn Heights, TX 3
    • 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2016
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 321 Village Drive Red Oak, TX 4
    • 3 beds 3 baths ∙ 2,711 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,711 Sqft ∙ Built 2007
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.82
    •  
  • 217 Gatehouse Drive Red Oak, TX 5
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2008
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.84
    •  
PROPERTY LISTING DETAILS
Paul Ruth
Re/max Dallas Suburbs
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464192
Last Updated: 11/03/2020
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