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4304 Briargrove Lane Dallas, TX 75287

3 Beds 3 Baths 3,689 sqft Built 1981

$540,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $146.38
  • 4 Days on Market
  • MLS # : 14470249
  • Updated Date : 11/12/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,689 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Central

Listing Agent's Description

UPDATED & PRE-INSPECTED WITH REPAIRS COMPLETED on oversized beautifully landscaped corner lot! Designer chef's kitchen with ample storage, walk-in pantry, SS dishwasher, 5 burner gas stove & double oven. Engineered hardwoods extend throughout down. GORGEOUS brick sunroom overlooks courtyard. HUGE primary bed, with shower, tub, dual sinks & walk-in closet. 2 upstairs beds with walk-ins & attic access. 2 private, maintenance free brick courtyards & LG 2-car garage with workspace & additional parking for RV or boat! Other Updates: 2 HVACs, windows, roof, gutters, paint, shower, bathtub, toilets, counters, faucets, sinks, lighting, carpet, garage door, water heaters, fence. See Doc Storage for full list of updates!

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: Bent Tree West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $102k569k

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

Neighborhood: Bent Tree West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9472931

* 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
Mitchell Elementary School Primary Regular 698 55 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Mitchell Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 55
6
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$1,992
Property Tax -$1,067
Property Insurance -$240
Property Management Fees -$99
CASH FLOW
-$218

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.

$540,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.6%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$13,701

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $3,698

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1803$3,6004$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 4304 Briargrove Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 3,689 Sqft ∙ Built 1981 3 beds 3 baths ∙ 3,689 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $0.86
    •  
  • 18528 Vista Del Sol Dallas, TX 1
    • 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.83
    •  
  • 5628 Willow Wood Lane Dallas, TX 3
    • 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.93
    •  
  • 4920 Cape Coral Drive Dallas, TX 4
    • 4 beds 4 baths ∙ 3,975 Sqft ∙ Built 1990 4 beds 4 baths ∙ 3,975 Sqft ∙ Built 1990
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.13
    •  
  • 5136 Bellerive Drive Dallas, TX 5
    • 4 beds 3 baths ∙ 4,012 Sqft ∙ Built 1994 4 beds 3 baths ∙ 4,012 Sqft ∙ Built 1994
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Mindy Farris
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470249
Last Updated: 11/12/2020
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