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308 Brockett Street Collinsville, TX 76233

3 Beds 2 Baths 1,320 sqft Built 2018

$195,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $147.73
  • 10 Days on Market
  • MLS # : 14452206
  • Updated Date : 10/25/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

The Real Estate Company

Listing Agent's Description

If you are looking for a move in ready newer home - this one is for you!! Immaculate 3 bedroom 2 bath built in 2018. This beautiful home features an open floor plan, wonderful kitchen with granite counters and breakfast bar, spacious Primary bedroom with ensuite bath, plus 2 spare bedrooms and full bath. Privacy fence, room for your boat or other toys and a bonus of extra parking complete the picture of this fabulous home. Don’t miss out on this one! Excludes - refrigerator

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: 76233

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $60k231k

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

Zip Code: 76233

No Data Available.

* 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
Collinsville Intermediate School Primary Regular 67 6 NA
Collinsville High School Middle Regular 264 22 5
Collinsville High School High Regular 264 22 5

Collinsville Intermediate School

  • Education Level: Primary
  • # of students: 67
  • # of teachers: 6
NA
GreatSchools Rating

Collinsville High School

  • Education Level: Middle
  • # of students: 264
  • # of teachers: 22
5
GreatSchools Rating

Collinsville High School

  • Education Level: High
  • # of students: 264
  • # of teachers: 22
5
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$719
Property Tax -$395
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
-$133

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.

$195,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,258

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2003$1,3954$1,400
$1,400
RENT COMPS ANALYSIS
  • 308 Brockett Street Collinsville, TX 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.89
    •  
  • 102 Debbie Court Collinsville, TX 2
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 2000
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
  • 101 Church Collinsville, TX 3
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2017
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.03
    •  
  • 708 Patti Court Collinsville, TX 4
    • 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 1999
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
PROPERTY LISTING DETAILS
Cheryl Polk
The Real Estate Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14452206
Last Updated: 10/25/2020
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