Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2810 Brookshire Drive Grapevine, TX 76051

3 Beds 2 Baths 1,819 sqft Built 1983

$395,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $217.15
  • 3 Days on Market
  • MLS # : 14463896
  • Updated Date : 11/01/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,819 sqft
  • Baths : 2 full
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

One of Grapevine's BEST NEIGHBORHOODS! This UPDATED, charming home in Oak Creek Estates will NOT disappoint. There is so much to love about this property beyond the friendly neighborhood where pride of ownership shines. You'll love the beautifully maintained Zoysia lawn and landscaping. Entertain guests in the PRIVATE backyard with SPARKLING POOL, hot tub, waterfall, and covered porch. Kitchen boasts granite, all SS appliances and GAS RANGE. Bathrooms recently updated with GORGEOUS contemporary finishes. HUGE master suite big enough for sitting area. Walking distance to Parr Park! Main St. Grapevine, shopping, DFW airport- minutes away! GCISD! Easy access to highways! IF YOU WAIT, YOU'LL MISS IT!

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

Neighborhood: Oak Creek Estates Grapevine

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k374k

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

Neighborhood: Oak Creek Estates Grapevine

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10932539

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,457
Property Tax -$751
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$319

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$395,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,156

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0953$2,1204$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 2810 Brookshire Drive Grapevine, TX 3
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.17
    •  
  • 2928 Brookshire Drive Grapevine, TX 1
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1979
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 1924 Twin Oaks Circle Grapevine, TX 2
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2001
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.21
    •  
  • 2017 Willowood Drive Grapevine, TX 4
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1986
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.16
    •  
  • 2110 Wedgewood Drive Grapevine, TX 5
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1987
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.19
    •  
PROPERTY LISTING DETAILS
Jedidiah Barnett
Jason Mitchell Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463896
Last Updated: 11/01/2020
BESbswy