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5641 Greenbriar Drive Midlothian, TX 76065

5 Beds 4 Baths 3,164 sqft Built 2020

$376,360

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $118.95
  • 7 Days on Market
  • MLS # : 14461429
  • Updated Date : 10/28/2020 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,164 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

BEAUTIFUL 2 STORY 3 CAR GARAGE HOME BUILT BY D.R. HORTON-AMERICA'S BUILDER in MIDLOTHIAN!~NEW PHASE & SELLING NOW IN COVENTRY CROSSING!~The Yorktown floorplan (Elev C)*Estimated January Completion*Lrg Chef's Kitchen with Island,Granite Countertops,SS Built-in Appliances,42 inch upper cabinets & W-I Pantry*Lrg Primary Bedroom down,over sized shower,dual Sink vanity & W-I Closet*2nd Primary Bedroom up with Full Bath plus 3 Bedrooms & Gameroom*Ceramic Tiled Entry,Hallways & Wet areas*Home is Connected Smart Home Technology,covered back Patio,Landscape package,Sprinkler system & more!~Community Pool, Playground & Walking Trails!~Great location with close proximity to HWY 287 & 360*Near Shops,Dining & Joe Pool Lake

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

Zip Code: 76065

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76065

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Mt. Peak Elementary School Primary Regular 706 43 6
Frank Seale Middle School Middle Regular 908 48 7
Midlothian High School High Regular 2,390 141 6

Mt. Peak Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 43
6
GreatSchools Rating

Frank Seale Middle School

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 48
7
GreatSchools Rating

Midlothian High School

  • Education Level: High
  • # of students: 2,390
  • # of teachers: 141
6
GreatSchools Rating
 

$338,724$413,996$376,360

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,389
Property Tax -$821
Property Insurance -$210
HOA -$54
Property Management Fees -$99
CASH FLOW
-$63

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$376,360

PROJECTED PRICE

$2,510

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$101,735

INVESTMENT

$101,735

Down Payment
$94,090
Rehab Estimate
$2,000
Closing Costs
$5,645

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,090
Loan Amount $282,270
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,478

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4503$2,5104$2,600
$2,600
RENT COMPS ANALYSIS
  • 5641 Greenbriar Drive Midlothian, TX 3
    • 5 beds 4 baths ∙ 3,164 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,164 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.79
    •  
  • 5630 Leander Way Midlothian, TX 1
    • 5 beds 3 baths ∙ 3,254 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,254 Sqft ∙ Built 2011
    property image
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.75
    •  
  • 450 Bentley Drive Midlothian, TX 2
    • 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2016
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
  • 5001 Charisma Drive Midlothian, TX 4
    • 5 beds 4 baths ∙ 3,500 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,500 Sqft ∙ Built 2005
    property image
    LEASED 08/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.74
    •  
PROPERTY LISTING DETAILS
Carol Holloway Stoneham
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461429
Last Updated: 10/28/2020
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