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2525 Brooke Trail Carrollton, TX 75006

3 Beds 3 Baths 1,672 sqft Built 1990

$263,500

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $157.60
  • 2 Days on Market
  • MLS # : 14472722
  • Updated Date : 11/28/2020 at 23:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,672 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Plano

Listing Agent's Description

Bid deadline 5:30 pm 11- 29. Enter into this inviting living space that boasts tall vaulted ceilings & a gorgeous wood laminate complete with a beautiful fireplace, perfect for cold winter days curled up by the fire. Living and dining have been updated with fresh, contemporary, neutral paint throughout. Carpets just replaced in August. Brand new wood fence completed in September. New tile shower update in upstairs bath. Some updating done to HVAC, yearly maintenance also done by owner. Water heater & roof replaced within the last 5 years. New counter tops & vent hood added in the kitchen. Ease of commute being so closely located between PGBT, DNT & 35. Wonderful place to call home.

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

Neighborhood: Carrollton Summertree

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Carrollton Summertree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10952171

* 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
Country Place Elementary School Primary Regular 327 25 8
Ted Polk Middle School Middle Regular 1,100 64 4
Newman Smith High School High Regular 1,973 126 6

Country Place Elementary School

  • Education Level: Primary
  • # of students: 327
  • # of teachers: 25
8
GreatSchools Rating

Ted Polk Middle School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 64
4
GreatSchools Rating

Newman Smith High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 126
6
GreatSchools Rating
 

$237,150$289,850$263,500

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$972
Property Tax -$576
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$79

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.

$263,500

PROJECTED PRICE

$1,850

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$75,578

INVESTMENT

$75,578

Down Payment
$65,875
Rehab Estimate
$5,750
Closing Costs
$3,953

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,875
Loan Amount $197,625
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$21,431

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7253$1,8504$1,9905$2,050
$2,050
RENT COMPS ANALYSIS
  • 2525 Brooke Trail Carrollton, TX 3
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 2031 Teton Place Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1979
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.12
    •  
  • 2027 Springwood Place Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.15
    •  
  • 2508 Melissa Lane Carrollton, TX 4
    • 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 1984
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.25
    •  
  • 2517 Dove Creek Lane Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1984
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.12
    •  
PROPERTY LISTING DETAILS
Amanda Rivard
Jp & Associates Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472722
Last Updated: 11/28/2020
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