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2468 Greenbrook Drive Little Elm, TX 75068

3 Beds 2 Baths 2,154 sqft Built 2005

$329,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $153.16
  • 4 Days on Market
  • MLS # : 14534808
  • Updated Date : 03/19/2021 at 10:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,154 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Beautifully maintained one story Highland home in desirable Eldorado Estates in FISD. Front yard has lush landscaping, sprinkler system, oversized garage and is walking distance to two parks and school bus stop. Open floor plan with formal dining and living at entry with new light fixtures and engineered hardwoods. Kitchen is open and bright with granite countertops, island, stainless steel sink, Tumbled marble backsplash and new light fixture in the nook. Family room has engineered wood floors, gas fireplace with gas logs and mantel. Primary bedroom is large in size and looks out into the backyard, features a jetted tub, separate shower, dual vanities and walk in closet. Backyard has a small concrete patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Weldon F. Corbell Elementary School Primary Regular 714 44 8
Bennett And Alma Griffin Middle School Middle Regular 815 56 10
Lone Star High School High Unknown NA

Weldon F. Corbell Elementary School

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 44
8
GreatSchools Rating

Bennett And Alma Griffin Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 56
10
GreatSchools Rating

Lone Star High School

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

$296,910$362,890$329,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,146
Property Tax -$692
Property Insurance -$152
HOA -$20
Property Management Fees -$99
CASH FLOW
-$128

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.

$329,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,041

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$1,9953$1,9954$2,0955$2,250
$2,250
RENT COMPS ANALYSIS
  • 2468 Greenbrook Drive Little Elm, TX 1
    • 3 beds 2 baths ∙ 2,154 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,154 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.92
    •  
  • 2481 Yuma Drive Little Elm, TX 2
    • 3 beds 2 baths ∙ 2,091 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,091 Sqft ∙ Built 2005
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 3129 Nighthawk Lane Little Elm, TX 3
    • 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2003
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 2457 Deerwood Drive Little Elm, TX 4
    • 4 beds 2 baths ∙ 2,325 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,325 Sqft ∙ Built 2003
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
  • 1026 Turnstone Trail Frisco, TX 5
    • 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,221 Sqft ∙ Built 2003
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
PROPERTY LISTING DETAILS
Lisa Johnson
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534808
Last Updated: 03/19/2021
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