Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4536 Brenda Drive Flower Mound, TX 75022

5 Beds 4 Baths 3,382 sqft Built 2002

INVESTimate

$459,000

List Price

$2,850

$2,600 - $3,100

Rent Est.

$477,727  ( +4.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $135.72
  • 2 Days on Market
  • MLS # : 14420807
  • Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,382 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Trinity

Listing Agent's Description

Bargain price on this charming 5 bedroom Highland home in sought after Wellington Estates. Freshly painted & new carpet downstairs in August 2020. Hardwood floors, huge island kitchen with granite counters, & more. Private owner's suite down with luxury bath including a relaxing jetted tub. Den open to kitchen & features a cozy fireplace with gas logs. 4 large bedrooms plus a gameroom upstairs. Great storage- big closets throughout. Extra deep garage for large vehicles. Stainless steel French-Door Refrigerator, washer, and dryer are included. Stamped stone patio with cedar arbor for backyard entertaining. One year home warranty included. Hurry before this one is gone!

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: Wellington Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Wellington Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Liberty Elementary School Primary Regular 667 43 10
Mckamy Middle School Middle Regular 1,110 69 10
Flower Mound High School High Regular 2,550 157 10

Liberty Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 43
10
GreatSchools Rating

Mckamy Middle School

  • Education Level: Middle
  • # of students: 1,110
  • # of teachers: 69
10
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$1,694
Property Tax -$793
Property Insurance -$223
HOA -$68
Property Management Fees -$99
CASH FLOW
-$26

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.

$459,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.08%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$23,244

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $3,018

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,8503$2,9004$2,9505$3,300
$3,300
RENT COMPS ANALYSIS
  • 4536 Brenda Drive Flower Mound, TX 2
    • 5 beds 4 baths ∙ 3,382 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,382 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.84
    •  
  • 4508 Delaina Drive Flower Mound, TX 1
    • 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2005
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.85
    •  
  • 3616 Karla Drive Flower Mound, TX 3
    • 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2002
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.90
    •  
  • 3425 Courtney Drive Flower Mound, TX 4
    • 4 beds 5 baths ∙ 3,351 Sqft ∙ Built 2004 4 beds 5 baths ∙ 3,351 Sqft ∙ Built 2004
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.88
    •  
  • 4700 Christopher Court Flower Mound, TX 5
    • 4 beds 4 baths ∙ 3,512 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,512 Sqft ∙ Built 2006
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jarod Marcus
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420807
Last Updated: 08/26/2020
BESbswy