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6308 Whisker Brush Flower Mound, TX 76226

4 Beds 3 Baths 3,307 sqft Built 2020

INVESTimate

$565,501

List Price

$3,660

$3,410 - $3,910

Rent Est.

$591,457  ( +4.59%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $171.00
  • 3 Days on Market
  • MLS # : 14419806
  • Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,307 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14419806 - Built by Coventry Homes - October completion! ~ Enjoy preparing everyone’s favorite meals in the gourmet kitchen equipped with a large island that overlooks the family room. Spend quality time with family and friends in the large family room complete with soaring ceilings. Located on the first floor, the master suite provides the perfect oasis. A secondary bedroom downstairs is ideal for guests. In the evening, unwind on the covered patio, entertain guests in the large game room upstairs! Complete with a 3-car tandem garage, this home offers something for everyone in the family!

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: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k416k

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

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

$508,951$622,051$565,501

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$2,086
Property Tax -$1,124
Property Insurance -$218
HOA -$195
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.

$565,501

PROJECTED PRICE

$3,660

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.59%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,858

INVESTMENT

$151,858

Down Payment
$141,375
Rehab Estimate
$2,000
Closing Costs
$8,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,086

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,375
Loan Amount $424,126
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$24,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,660

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $3,663

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6603$3,7004$3,7005$3,900
$3,900
RENT COMPS ANALYSIS
  • 6308 Whisker Brush Flower Mound, TX 2
    • 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,660
    • $1.11
    •  
  • 6304 Cupleaf Road Flower Mound, TX 1
    • 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2016
    property image
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.07
    •  
  • 6600 Elderberry Way Flower Mound, TX 3
    • 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2019
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.12
    •  
  • 11459 Misty Ridge Drive Flower Mound, TX 4
    • 4 beds 3 baths ∙ 3,301 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,301 Sqft ∙ Built 2018
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.12
    •  
  • 6216 Savannah Oak Trail Flower Mound, TX 5
    • 4 beds 3 baths ∙ 3,468 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,468 Sqft ∙ Built 2015
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.12
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419806
Last Updated: 08/25/2020
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