Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
225 Briar Creek Drive 
Crandall, TX
75114
3 Beds 2 Baths 1,338 sqft
Built 1988
INVESTimate
$169,900
List Price
$50,774
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1988
- Price/Sqft : $126.98
- 1 Days on Market
- MLS # : 14420986
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,338 sqft
- Baths : 1 full , 1 half
Listing Agent
Lochhead Properties
Listing Agent's Description
Great home for your family in sought out Crandall ISD!!! Kitchen has been beautifully updated within the last month with soft close cabinetry, subway tile back splash, granite counter top, stainless steel sink, and dishwasher. Plantation blinds in living room, laminate flooring and can lighting. Solar panels to save on your energy costs. AC was replaced in 2012. Front and back exterior doors were replaced in 2019. Garage is ready for a conversion or you can easily put back garage door. Garden Barn style shed stays with property it is approximately 10 by 12. Back yard is over sized ready for your enjoyment. A must see.
SEE MORE
- . 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: Briar Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Briar Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$627 |
| Property Tax | -$429 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$141
|
||
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.
$169,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.82%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.42% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$50,774
LOAN DETAILS
$627
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $42,475 |
| Loan Amount | $127,425 |
8.17
YEARS SAVED
$21,075
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,371
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
225 Briar Creek Drive Crandall, TX 2
- 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,400
- $1.05
-
206 Doris Street Crandall, TX 1
- 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1972
LEASED 08/09/19- Rent
- Rent Per SQFT
- $1,350
- $1.03
-
112 Angelina Drive Crandall, TX 3
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2002
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,550
- $1.02
PROPERTY LISTING DETAILS
Lochhead Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420986
Last Updated: 08/25/2020
