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3445 Greenbrier Drive Frisco, TX 75033

4 Beds 5 Baths 3,470 sqft Built 2011

INVESTimate

$715,000

List Price

$3,480

$3,230 - $3,730

Rent Est.

$727,155  ( +1.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $206.05
  • 5 Days on Market
  • MLS # : 14418404
  • Updated Date : 08/24/2020 at 08:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,470 sqft
  • Baths : 3 full , 2 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Situated in the prestigious gated Newman Village on a beautiful greenbelt culdesac. Tudor style 1.5 story home built by Darling Homes w all bedrooms downstairs and play room, .5 bath & media room up. 4 generous downstairs bedrooms, split br plan plus large study! Covered back patio with fireplace and very low maintenance back yard. Owner's retreat with enlarged shower & garden tub. Open main living area is made for entertaining with quartz countertops & backsplash, sound system, & recently updated paint & lighting. 3 Car Garage with epoxy and custom overhead racks. Community includes resort-style pool, club house, tennis courts, parks, greenbelts, walking trails, and neighborhood social events.

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: Newman Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $123k839k

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

Neighborhood: Newman Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $11264684

* 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
Newman Elementary School Primary Unknown 617 39 NA
Trent Middle School Middle Regular NA
Memorial High School High Regular NA

Newman Elementary School

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

Trent Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$643,500$786,500$715,000

PURCHASE PRICE

$3,132$3,828$3,480

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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$2,638
Property Tax -$1,259
Property Insurance -$228
HOA -$175
Property Management Fees -$99
CASH FLOW
-$918

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.

$715,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 1.70%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$207

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,941

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9953$3,0004$3,1005$3,480
$3,480
RENT COMPS ANALYSIS
  • 3445 Greenbrier Drive Frisco, TX 5
    • 4 beds 5 baths ∙ 3,470 Sqft ∙ Built 2011 4 beds 5 baths ∙ 3,470 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $1.00
    •  
  • 2971 Izabella Court Frisco, TX 1
    • 4 beds 4 baths ∙ 3,649 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,649 Sqft ∙ Built 2014
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
  • 3091 Izabella Court Frisco, TX 2
    • 5 beds 4 baths ∙ 3,554 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,554 Sqft ∙ Built 2013
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
  • 3042 Appalachian Lane Frisco, TX 3
    • 4 beds 6 baths ∙ 3,323 Sqft ∙ Built 2013 4 beds 6 baths ∙ 3,323 Sqft ∙ Built 2013
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
  • 12657 Tealsky Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,511 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,511 Sqft ∙ Built 2013
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sherra Cameron
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418404
Last Updated: 08/24/2020
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