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26 Meadowbrook Lane Trophy Club, TX 76262

4 Beds 3 Baths 2,722 sqft Built 1982

$464,900

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $170.79
  • 4 Days on Market
  • MLS # : 14492328
  • Updated Date : 01/08/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,722 sqft
  • Baths : 3 full
Listing Agent

Patrick Kevlin Realty

Listing Agent's Description

COMPLETELY REDONE DOLLHOUSE ON QUIET STREET IN TROPHY CLUB. TOTALLY UPDATED BY PROFESSIONAL DESIGNER! OPEN CONCEPT. SOME OF THE UPDATES INCLUDE: FRESH PAINT INSIDE AND OUT, NEW ROOF, NEW WINDOWS, NEW FLOORS, NEW KITCHEN AND BATHROOM COUNTERTOPS, NEW APPLIANCES, NEW KITCHEN AND BATHROOM SINKS AND FAUCETS, NEW BATHTUB AND SHOWER TILE IN ALL BATHS, NEW MASTER SHOWER AND STAND ALONE TUB, UPDATED PLUMBING AND ELECTRICAL, NEW LIGHTS AND FANS. HURRY WILL NOT LAST LONG!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k487k

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

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263909

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating
 

$418,410$511,390$464,900

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$1,615
Property Tax -$883
Property Insurance -$184
Property Management Fees -$99
CASH FLOW
$109

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.

$464,900

PROJECTED PRICE

$2,890

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,949

INVESTMENT

$128,949

Down Payment
$116,225
Rehab Estimate
$5,750
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$30,067

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,906

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7003$2,8004$2,8905$2,900
$2,900
RENT COMPS ANALYSIS
  • 26 Meadowbrook Lane Trophy Club, TX 4
    • 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $1.06
    •  
  • 132 Greenhill Trail Trophy Club, TX 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1995
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.07
    •  
  • 509 Indian Creek Drive Trophy Club, TX 2
    • 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 1979
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.06
    •  
  • 609 Indian Creek Drive Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1997
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 42 Rockwood Drive Trophy Club, TX 5
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1997
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.04
    •  
PROPERTY LISTING DETAILS
Patrick Kevlin
Patrick Kevlin Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492328
Last Updated: 01/08/2021
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