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6224 Brunswick Drive Aubrey, TX 76227

4 Beds 2 Baths 2,140 sqft Built 2018

$374,500

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $175.00
  • 2 Days on Market
  • MLS # : 14527768
  • Updated Date : 03/06/2021 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,140 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

Lovely 4 bedroom 2 bath home located in the master planned community of Sutton Fields and highly sought after Prosper ISD. Construction began late 2018, completed April 2019. Ceramic tile floors that resemble wood. Huge walk in pantry. So many kitchen cabinets you won't be able to fill them all up. Durable Quartz countertops. Stainless Steel appliances. Gas fireplace, water heater, stove & oven. Enough room in the backyard for a pool or you can visit one of the 2 pools located in the community. Nicely sized covered back patio. Come make this your forever home!

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Zip Code: 76227

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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$337,050$411,950$374,500

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,301
Property Tax -$736
Property Insurance -$151
HOA -$46
Property Management Fees -$99
CASH FLOW
-$202

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.

$374,500

PROJECTED PRICE

$2,130

PROJECTED RENT

0.57%

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) 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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,993

INVESTMENT

$104,993

Down Payment
$93,625
Rehab Estimate
$5,750
Closing Costs
$5,618

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,301

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,625
Loan Amount $280,875
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$4,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,124

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,1004$2,1305$2,200
$2,200
RENT COMPS ANALYSIS
  • 6224 Brunswick Drive Aubrey, TX 4
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $1.00
    •  
  • 6119 Gloucester Drive Celina, TX 1
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
  • 6128 Halton Drive Celina, TX 2
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2020
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 6105 Cheshire Street Aubrey, TX 3
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2020
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 6400 Farndon Drive Celina, TX 5
    • 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 2019
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jada Runkle
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527768
Last Updated: 03/06/2021
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