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3902 Pembrooke Parkway Colleyville, TX 76034

3 Beds 3 Baths 2,149 sqft Built 1987

$389,786

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $181.38
  • 29 Days on Market
  • MLS # : 14481969
  • Updated Date : 01/08/2021 at 11:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,149 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dfw Realty & Mortgage Group

Listing Agent's Description

Welcome to your new La Casa! Single Story with 3 bedrooms and 2.5 baths with a spanish flare! Backs to a walking trail with private gate. Highly rated schools that you'll love to brag about. Circular drive and oversized garage. Fresh paint. New carpet. All bedrooms on the north wing seperated from living room and kitchen by a sliding door. Hardwood floors and Plantation Shutters adds character. Wood beams in Living room and Dining area. Kitchen boasts abundant cabinets with lazy susan and sliding shelves. Built in Jenn Air grill. Tray ceiling in Master. Cedar closet in hall. Sink in uitility room. Smart app for Front Door, Sprinkler, Doorbell and Thermostats. Bring your creative touches. Priced accordingly.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Woodland Hills Colleyville

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k586k

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

Neighborhood: Woodland Hills Colleyville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263779

* 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
Heritage Elementary School Primary Regular 454 29 9
Colleyville Middle School Middle Regular 725 40 9
Colleyville Heritage High School High Regular 2,222 135 8

Heritage Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
9
GreatSchools Rating

Colleyville Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 40
9
GreatSchools Rating

Colleyville Heritage High School

  • Education Level: High
  • # of students: 2,222
  • # of teachers: 135
8
GreatSchools Rating
 

$350,807$428,765$389,786

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,354
Property Tax -$766
Property Insurance -$151
HOA -$63
Property Management Fees -$99
CASH FLOW
$56

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.

$389,786

PROJECTED PRICE

$2,490

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,043

INVESTMENT

$109,043

Down Payment
$97,447
Rehab Estimate
$5,750
Closing Costs
$5,847

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,447
Loan Amount $292,340
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$21,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,181

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0004$2,4905$2,495
$2,495
RENT COMPS ANALYSIS
  • 3902 Pembrooke Parkway Colleyville, TX 4
    • 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.16
    •  
  • 3005 Pecan Circle Bedford, TX 1
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1977
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 3029 Pecan Circle Bedford, TX 2
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1977
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 3024 Meandering Way Bedford, TX 3
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1977
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 4009 Bowden Hill Lane Colleyville, TX 5
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1985
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.10
    •  
PROPERTY LISTING DETAILS
Amin Barrister
Dfw Realty & Mortgage Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481969
Last Updated: 01/08/2021
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