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2236 Bradford Pear Drive Little Elm, TX 75068

3 Beds 3 Baths 2,686 sqft Built 2000

$314,850

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $117.22
  • 2 Days on Market
  • MLS # : 14485301
  • Updated Date : 12/12/2020 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,686 sqft
  • Baths : 2 full , 1 half
Listing Agent

Your Home Free Llc

Listing Agent's Description

No upgrade has been overlooked in this gorgeous 2-story with beautiful brick elevation! Inside you will find 3 bedrooms, 2.5 baths, formal dining area, TONS of living space, upstairs game room, 2-car garage, and enclosed patio! Upgrades and amenities throughout include beautiful laminate flooring throughout main living areas, cozy brick family room fireplace, fresh interior paint, solar screens, new shingles 2016, and MORE! Open kitchen boasts Silestone countertops, an abundance of cabinetry, electric range and spacious nook. Huge master retreat offers his and hers sinks, garden tub with separate shower, and generously-sized walk-in closet. Large backyard with mature trees, covered patio area, and storage shed!

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: The Villages of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: The Villages of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11162171

* 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
Lakeview Elementary School Primary Regular 581 38 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 38
6
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$283,365$346,335$314,850

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,162
Property Tax -$660
Property Insurance -$182
HOA -$32
Property Management Fees -$99
CASH FLOW
-$315

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.

$314,850

PROJECTED PRICE

$1,820

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

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

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$89,185

INVESTMENT

$89,185

Down Payment
$78,713
Rehab Estimate
$5,750
Closing Costs
$4,723

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,713
Loan Amount $236,138
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,961

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8203$1,8504$1,9505$1,970
$1,970
RENT COMPS ANALYSIS
  • 2236 Bradford Pear Drive Little Elm, TX 2
    • 3 beds 3 baths ∙ 2,686 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,686 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.68
    •  
  • 2309 Chestnut Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2001
    property image
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.69
    •  
  • 1928 Grand Fir Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2004
    property image
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 2549 Saddlehorn Drive Little Elm, TX 4
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2010
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 2240 Bradford Pear Drive Little Elm, TX 5
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.76
    •  
PROPERTY LISTING DETAILS
William T. Nelson
Your Home Free Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485301
Last Updated: 12/12/2020
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