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

5113 Singing Brook Road Flower Mound, TX 75028

4 Beds 4 Baths 4,075 sqft Built 1999

$700,000

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $171.78
  • 3 Days on Market
  • MLS # : 14488418
  • Updated Date : 12/19/2020 at 08:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,075 sqft
  • Baths : 4 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

OPEN HOUSE THIS SUNDAY 2 to 4. Exceptional property with almost a half an acre. 1.5 stories with a gigantic gameroom upstairs! This Sovereign home has lots of extra touches: courtyard in the front, 12 ft ceilings in the office, decorator lighting, electronic honeycomb window treatments. The heart of the home is the kitchen with double ovens and butler pantry as the rest of the house wraps around it. Secondary bedrooms have a jack n jill bath. Back patio already set up with gas for outdoor entertaining, swimming and the play set stays! Oversized 3 car garage with lots of storage.

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: Pecan Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k527k

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

Neighborhood: Pecan Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263309

* 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
Flower Mound Elementary School Primary Regular 499 35 9
Clayton Downing Middle School Middle Regular 606 50 9
Marcus High School High Regular 2,439 151 8

Flower Mound Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 35
9
GreatSchools Rating

Clayton Downing Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 50
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$2,583
Property Tax -$1,209
Property Insurance -$263
HOA -$17
Property Management Fees -$99
CASH FLOW
-$320

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.

$700,000

PROJECTED PRICE

$3,850

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$16,873

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,850

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,769

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,8003$3,850
$3,850
RENT COMPS ANALYSIS
  • 5113 Singing Brook Road Flower Mound, TX 3
    • 4 beds 4 baths ∙ 4,075 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,075 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.94
    •  
  • 4108 Napa Court Flower Mound, TX 1
    • 4 beds 4 baths ∙ 3,952 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,952 Sqft ∙ Built 2003
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.96
    •  
  • 2008 Cartwright Court Flower Mound, TX 2
    • 4 beds 4 baths ∙ 4,280 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,280 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.89
    •  
PROPERTY LISTING DETAILS
Gary L Goldsmith
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488418
Last Updated: 12/19/2020
BESbswy