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5200 Brettenmeadow Drive Grapevine, TX 76051

4 Beds 3 Baths 2,708 sqft Built 1987

$400,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $147.71
  • 6 Days on Market
  • MLS # : 14460860
  • Updated Date : 10/29/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,708 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jb Real Estate Group

Listing Agent's Description

Beautiful corner lot, overlooking community park! Home has been well maintained, with a list of updates beyond what you can see. Conveniently located minutes from Downtown Grapevine, shopping, restaurants, entertainment & prized GCISD schools. This home boasts new flooring through Entry, Formal Living & Dining. Kitchen has plenty of cabinet space & updated appliances. Kitchen, breakfast nook, & family room overlook the backyard oasis, complete with heated swimming pool & spa. Master is oversized & includes extra sitting area with dbl-sided fireplace. Updated M. Bath is oversized, with dbl-sided walkin shower. All Bedrooms have generous closet space. Walking distance to elementary school & steps from bus stop.

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: Glade Landing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k378k

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

Neighborhood: Glade Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262565

* 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
Grapevine Elementary School Primary Regular 531 34 9
Heritage Middle School Middle Regular 922 51 9
Heritage Middle School High Regular 922 51 9

Grapevine Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 34
9
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating

Heritage Middle School

  • Education Level: High
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,476
Property Tax -$793
Property Insurance -$184
Property Management Fees -$99
CASH FLOW
$79

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.

$400,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.66%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$29,576

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,667

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6304$2,7955$2,900
$2,900
RENT COMPS ANALYSIS
  • 5200 Brettenmeadow Drive Grapevine, TX 3
    • 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.97
    •  
  • 5203 Fairmount Drive Grapevine, TX 1
    • 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 1987 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 1987
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 5148 Haydenbend Circle Grapevine, TX 2
    • 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 1987
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.96
    •  
  • 1713 Brettenmeadow Drive Grapevine, TX 4
    • 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 1990
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.07
    •  
  • 1926 Stafford Road Grapevine, TX 5
    • 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 1992
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.00
    •  
PROPERTY LISTING DETAILS
Erica Payne
Jb Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460860
Last Updated: 10/29/2020
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