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4160 Brazoria Drive Prosper, TX 75078

5 Beds 5 Baths 4,124 sqft Built 2017

$669,900

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $162.44
  • 3 Days on Market
  • MLS # : 14492999
  • Updated Date : 01/02/2021 at 20:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,124 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Enjoy the popular Windsong Ranch lifestyle afforded with this spacious, well-appointed Highland home! WHAT WE LOVE: Smart design keeps dedicated office, Master suite and Guest suite conveniently on main floor. Entertaining is a breeze in the open concept living & kitchen area, which features granite counters, large island, ample storage, stainless appliances, double oven, & walk-in pantry. Media room is perfectly located on the main floor, just off the kitchen, ready for movie nights and Super Bowl parties! Living in Windsong you'll enjoy unmatched amenities, hike & bike trails, tennis, fishing, on-site cafe, multiple pools, & the award-winning Crystal Lagoon. Home faces South

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong Elementary School

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

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$602,910$736,890$669,900

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$2,472
Property Tax -$1,276
Property Insurance -$265
HOA -$128
Property Management Fees -$99
CASH FLOW
-$530

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.

$669,900

PROJECTED PRICE

$3,710

PROJECTED RENT

0.55%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,274

INVESTMENT

$183,274

Down Payment
$167,475
Rehab Estimate
$5,750
Closing Costs
$10,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,475
Loan Amount $502,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,279

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9503$2,9504$3,2505$3,710
$3,710
RENT COMPS ANALYSIS
  • 4160 Brazoria Drive Prosper, TX 5
    • 5 beds 5 baths ∙ 4,124 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,124 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $0.90
    •  
  • 16021 Canyon Ridge Prosper, TX 1
    • 5 beds 5 baths ∙ 3,778 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,778 Sqft ∙ Built 2016
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 16109 Benbrook Boulevard Prosper, TX 2
    • 5 beds 4 baths ∙ 3,798 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,798 Sqft ∙ Built 2017
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 16100 Plum Court Prosper, TX 3
    • 5 beds 5 baths ∙ 3,798 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,798 Sqft ∙ Built 2017
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 1709 Forest Park Drive Prosper, TX 4
    • 4 beds 4 baths ∙ 3,874 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,874 Sqft ∙ Built 2015
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.84
    •  
PROPERTY LISTING DETAILS
Andrea Brooks
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492999
Last Updated: 01/02/2021
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