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3616 Brewster Drive Plano, TX 75025

5 Beds 3 Baths 3,159 sqft Built 2000

$415,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $131.37
  • 7 Days on Market
  • MLS # : 14473009
  • Updated Date : 11/25/2020 at 09:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,159 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Gorgeously maintained, and designer decorated home in Ridgeview Park of Plano! Newer hardwood floors throughout first floor. Great open flow with updated light fixtures and fans. Spacious living area with wall of windows letting in tons of natural light! Newly remodeled kitchen boasts white cabinets, granite counters, stainless steel appliances and ample storage space. Owner suite offers private access to back patio, large ensuite with dual sinks, garden tub and walk in closet. Fantastic living space upstairs provides the perfect space for a playroom or game room. Huge backyard with newer 8 foot fence. Prime location near DNT and 121, and all the shopping, dining and entertainment of Legacy West!

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: Ridgeview Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Ridgeview Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262271

* 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
Portia Ross Taylor Elementary School Primary Regular 666 40 9
Pat And Catherine Fowler Middle School Middle Regular 1,001 67 10
Liberty High School High Regular 2,039 137 9

Portia Ross Taylor Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 40
9
GreatSchools Rating

Pat And Catherine Fowler Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 67
10
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,531
Property Tax -$706
Property Insurance -$210
HOA -$48
Property Management Fees -$99
CASH FLOW
-$284

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.

$415,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,401

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,2953$2,3104$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 3616 Brewster Drive Plano, TX 3
    • 5 beds 3 baths ∙ 3,159 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,159 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.73
    •  
  • 3544 Brewster Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 1998
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.73
    •  
  • 3609 Estacado Lane Plano, TX 2
    • 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2000
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 3641 Estacado Lane Plano, TX 4
    • 5 beds 3 baths ∙ 3,351 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,351 Sqft ∙ Built 2000
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.76
    •  
  • 3700 Kimble Drive Plano, TX 5
    • 5 beds 3 baths ∙ 3,352 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,352 Sqft ∙ Built 1999
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Christie Cannon
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473009
Last Updated: 11/25/2020
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