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2736 Braemar The Colony, TX 75056

2 Beds 3 Baths 2,535 sqft Built 2017

$559,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $220.51
  • 5 Days on Market
  • MLS # : 14510796
  • Updated Date : 02/12/2021 at 11:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,535 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Gorgeous One story home across from greenbelt with upgrades galore. Located in the Award Winning golf course community of The Tribute & steps away from the Waterford Point amenity center & Lake Lewisville. Truly open concept home with gourmet kitchen boasting loads of cabinets, gas cooktop, pendant lighting, & large island. Family room with cast stone fireplace, spacious dining area, & light and bright home. Fabulous oversize covered patio with gas stub for grill. 2 Bedrooms + Study. Study could be used as a 3rd Bedroom.Custom master closet, elfa shelving in garage, Epoxy garage floor, upgraded lighting, upgraded wood floors, surround sound speakers, ship lap, crown molding, oversize garage for your golf cart!

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

Zip Code: 75056

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75056

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
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

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
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$1,942
Property Tax -$1,069
Property Insurance -$174
HOA -$170
Property Management Fees -$99
CASH FLOW
-$594

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.

$559,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.8%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,942

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,630

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,5693$2,8604$2,9205$3,000
$3,000
RENT COMPS ANALYSIS
  • 2736 Braemar The Colony, TX 3
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.13
    •  
  • 11816 Kurth Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,372 Sqft ∙ Built 2015
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.97
    •  
  • 11415 Aquilla Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2016
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,569
    • $1.00
    •  
  • 3216 Stonefield The Colony, TX 4
    • 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2014
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.10
    •  
  • 8260 Paisley The Colony, TX 5
    • 4 beds 4 baths ∙ 2,772 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,772 Sqft ∙ Built 2008
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.08
    •  
PROPERTY LISTING DETAILS
Kristi Reinertsen
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510796
Last Updated: 02/12/2021
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