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4319 Firebrick Lane Dallas, TX 75287

4 Beds 3 Baths 2,906 sqft Built 1981

$525,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $180.66
  • 3 Days on Market
  • MLS # : 14541055
  • Updated Date : 03/27/2021 at 19:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,906 sqft
  • Baths : 3 full
Listing Agent

Divine Premier Properties

Listing Agent's Description

Excellent location near picturesque Country Brook Pond. This stunning, one-story home has a gorgeous pool & spa - perfect for entertaining & spending time with your people. There are beautiful hardwood floors through-out. The kitchen features updated tile, recently painted cabinets, granite counters, single vessel sink, dual pantries, induction cooktop, beverage fridge and SS appliances. The island is on wheels and easily moves where you want it! Living areas are all adjacent for great party flow. The owner's retreat has a private entrance to the patio, dual sinks, jetted tub and party shower. The bedroom wing is separate and private. Much has been recently updated and the result is amazing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Country Brook

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $102k507k

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

Neighborhood: Country Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9472692

* 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$1,824
Property Tax -$1,037
Property Insurance -$195
HOA -$55
Property Management Fees -$99
CASH FLOW
-$350

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.

$525,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,022

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8603$2,9754$3,0005$3,195
$3,195
RENT COMPS ANALYSIS
  • 4319 Firebrick Lane Dallas, TX 2
    • 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $0.98
    •  
  • 18749 Vista Del Sol Dallas, TX 1
    • 4 beds 4 baths ∙ 2,761 Sqft ∙ Built 1991 4 beds 4 baths ∙ 2,761 Sqft ∙ Built 1991
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.01
    •  
  • 18844 Park Grove Lane Dallas, TX 3
    • 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 1992
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.08
    •  
  • 3828 Walden Way Dallas, TX 4
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1993
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
  • 4207 Country Brook Drive Dallas, TX 5
    • 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 1978
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.10
    •  
PROPERTY LISTING DETAILS
Lisa Divine
Divine Premier Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541055
Last Updated: 03/27/2021
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