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6129 Whiskerbrush Road Flower Mound, TX 76226

3 Beds 2 Baths 1,986 sqft Built 2018

$369,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $185.80
  • 3 Days on Market
  • MLS # : 14527526
  • Updated Date : 03/13/2021 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,986 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

RICH IN RUSTIC CHARM & MODERN SOPHISTICATION! THIS ONE-STORY CUL-DE-SAC HOME OFFERS 3 BEDS, 2 BATHS, AND ARGYLE ISD! ENJOY THE SHORT WALKING DISTANCE TO THE CANYON FALLS POOL, SPLASH PAD, PLAYGROUND, AND FITNESS CENTER. OPEN FLOOR PLAN WITH PRIVATE STUDY, CASUAL DINING, FLEX ROOM, AND GREENBELT VIEWS! OTHER FEATURES INCLUDE CHEF KITCHEN WITH CUSTOM CABINETRY, STAINLESS STEEL APPLIANCES, LARGE SILESTONE ISLAND WITH 36' SS FARMHOUSE SINK, HARDWOOD FLOORS, AND A CUSTOM BEAUTIFUL CEILING TO FLOOR NATURAL STONE GAS FIREPLACE WITH FLOATING CEDAR WRAPPED MANTLE. HOA INCLUDES FRONT YARD MAINTENANCE, FRONTIER INTERNET & TV SERVICE. CANYON FALLS OFFERS MILES OF NATURAL WALKING TRAILS, DOG PARK, CATCH & RELEASE FISHING!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Neighborhood: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Hilltop Elementary School Primary Regular 710 47 7
Argyle Middle School Middle Regular 347 21 7
Argyle High School High Regular 711 50 8

Hilltop Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 47
7
GreatSchools Rating

Argyle Middle School

  • Education Level: Middle
  • # of students: 347
  • # of teachers: 21
7
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,282
Property Tax -$637
Property Insurance -$142
HOA -$207
Property Management Fees -$99
CASH FLOW
-$157

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.

$369,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,393

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,3003$2,4504$2,5005$2,530
$2,530
RENT COMPS ANALYSIS
  • 6129 Whiskerbrush Road Flower Mound, TX 1
    • 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.11
    •  
  • 1416 Westview Lane Northlake, TX 2
    • 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2015
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.16
    •  
  • 6332 Crossvine Flower Mound, TX 3
    • 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 2015
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.23
    •  
  • 1104 Parkdale Drive Northlake, TX 4
    • 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2017
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.20
    •  
  • 1408 Wolfberry Lane Northlake, TX 5
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2020
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.23
    •  
PROPERTY LISTING DETAILS
Sandy Bolinger
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527526
Last Updated: 03/13/2021
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