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6309 Whiskerbrush Road Flower Mound, TX 76226

3 Beds 2 Baths 1,960 sqft Built 2017

$385,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $196.43
  • 2 Days on Market
  • MLS # : 14520547
  • Updated Date : 03/20/2021 at 19:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,960 sqft
  • Baths : 2 full
Listing Agent

Dfw Fine Properties

Listing Agent's Description

Single story home in beautiful Canyon Falls! A community sure to add both luxury, and convenience to every day life. With an abundance of space, open concept, lighting, upgraded tile, granite countertops throughout, and a large master bedroom, the opportunity for entertaining and relaxation has never been easier. A kitchen featuring a convection oven, gas stovetop and huge island perfect for cooking and eating. Both baths have dual sinks. Master bath contains a garden tub and a walk in closet sure to amaze. A dedicated laundry room with a barn door. Community amenities include cable, internet, dog park, playgrounds, and lawn care. Property is in the prestigious Argyle ISD school district.

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: 76226

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,337
Property Tax -$665
Property Insurance -$140
HOA -$195
Property Management Fees -$99
CASH FLOW
-$96

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.

$385,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.61%

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$10k$12k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,362

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3403$2,4504$2,5005$2,530
$2,530
RENT COMPS ANALYSIS
  • 6309 Whiskerbrush Road Flower Mound, TX 2
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.19
    •  
  • 1416 Westview Lane Northlake, TX 1
    • 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2015
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.23
    •  
PROPERTY LISTING DETAILS
Christopher Cole
Dfw Fine Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520547
Last Updated: 03/20/2021
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