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2805 Greenbrook Court Grapevine, TX 76051

5 Beds 4 Baths 3,576 sqft Built 1991

INVESTimate

$449,800

List Price

$3,460

$3,210 - $3,710

Rent Est.

$482,096  ( +7.18%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $125.78
  • 10 Days on Market
  • MLS # : 14414774
  • Updated Date : 08/24/2020 at 15:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,576 sqft
  • Baths : 3 full , 1 half
Listing Agent

Knock Homes K, Llc

Listing Agent's Description

Virtual tour available! Tour at your convenience! A two story foyer welcomes you into the spacious traditional with room for everyone and NEW roof in 2020! Formal living and dining lead to impressive fireside family room with vaulted ceilings. Open to bright kitchen fit for any chef with gleaming counters, built in command desk, ample cabinet storage and counter space for all meal prep needs. Private office or den connects to expansive primary bed with ensuite featuring two spacious vanities, WIC, separate tub, walk in shower. Upstairs loft offers even more living and entertaining space. 4 good sized upper bedrooms share 2 full baths, both with double vanity to complete floor plan. AC replaced 2016.

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: Timberline South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k444k

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

Neighborhood: Timberline South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263023

* 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
Timberline Elementary School Primary Regular 708 51 4
Cross Timbers Middle School Middle Regular 795 50 7
Grapevine High School High Regular 2,015 129 7

Timberline Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 51
4
GreatSchools Rating

Cross Timbers Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 50
7
GreatSchools Rating

Grapevine High School

  • Education Level: High
  • # of students: 2,015
  • # of teachers: 129
7
GreatSchools Rating
 

$404,820$494,780$449,800

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

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$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$1,660
Property Tax -$921
Property Insurance -$234
HOA -$5
Property Management Fees -$99
CASH FLOW
$542

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.

$449,800

PROJECTED PRICE

$3,460

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.18%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,947

INVESTMENT

$124,947

Down Payment
$112,450
Rehab Estimate
$5,750
Closing Costs
$6,747

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,450
Loan Amount $337,350
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$81,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,636

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$3,460
1$3,4602$3,5003$3,7004$3,800
$3,800
RENT COMPS ANALYSIS
  • 2805 Greenbrook Court Grapevine, TX 1
    • 5 beds 4 baths ∙ 3,576 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,576 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $0.97
    •  
  • 1804 Sandalwood Lane Grapevine, TX 2
    • 4 beds 4 baths ∙ 3,403 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,403 Sqft ∙ Built 1992
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
  • 4109 Parkway Drive Grapevine, TX 3
    • 4 beds 4 baths ∙ 3,608 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,608 Sqft ∙ Built 2001
    LEASED 04/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.03
    •  
  • 4800 Eversham Court Colleyville, TX 4
    • 4 beds 5 baths ∙ 3,826 Sqft ∙ Built 1989 4 beds 5 baths ∙ 3,826 Sqft ∙ Built 1989
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Brandon Eichten
Knock Homes K, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414774
Last Updated: 08/24/2020
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