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

3125 Brazos Drive Oak Point, TX 75068

4 Beds 2 Baths 1,872 sqft Built 2018

$285,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $152.24
  • 3 Days on Market
  • MLS # : 14466785
  • Updated Date : 11/06/2020 at 10:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Location Location. Park and poolside premium lot with fantastic views and walk to lake convenience. Almost new 4 bedroom, barely lived in beauty. Immaculate and shows like a model. High efficiency stainless appliances and AC system, Fridge stays with home w an acceptable offer. Brand new pergola on concrete in oversized backyard. Home has gas heat, cooking and hot water for low utility bills, granite counters, custom drawer and cabinet pulls. Home is incredibly clean and ready for fast move in. Schedule today.

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: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

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
Oak Point Elementary School Primary Regular 617 39 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Oak Point Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 39
6
GreatSchools Rating

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,052
Property Tax -$593
Property Insurance -$135
HOA -$45
Property Management Fees -$99
CASH FLOW
-$4

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.

$285,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9203$2,0954$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 3125 Brazos Drive Oak Point, TX 2
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.03
    •  
  • 545 Northwood Drive Oak Point, TX 1
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2017
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 916 Lake Sierra Way Little Elm, TX 3
    • 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2017
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.04
    •  
  • 524 Kenilworth Avenue Oak Point, TX 4
    • 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 2010
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 2100 Lake Vista Drive Little Elm, TX 5
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2017
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Alan Michlin
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466785
Last Updated: 11/06/2020
BESbswy