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632 Brooks Street Crowley, TX 76036

3 Beds 3 Baths 2,150 sqft Built 2006

$259,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $120.88
  • 5 Days on Market
  • MLS # : 14463177
  • Updated Date : 10/30/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,150 sqft
  • Baths : 2 full , 1 half
Listing Agent

Abundance Realty Group Llc

Listing Agent's Description

Beautiful 3-2.5-2 Spacious Home - in a GREAT Neighborhood with a Community Pool and Park.!! This home has an Open Concept - Great for Family Fun and Entertaining. Stainless Steel Appliances, vaulted ceilings, Plenty of counter Space and Eat-in Kitchen, the Game Room or Second Living is upstairs with a half bath. Custom Windows offer plenty of natural light in this home. The Master has Separate Shower, a Soaking Tub and Double Sink-Vanity. Nice covered front porch and a large covered Patio in the back for outdoor living. Do not wait this house will go fast. Professional Pictures coming Soon.

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: Crescent Springs Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k248k

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

Neighborhood: Crescent Springs Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Sidney H. Poynter Elementary School Primary Regular 532 32 3
H.f. Stevens Middle School Middle Regular 912 59 3
Crowley High School High Regular 2,033 150 4

Sidney H. Poynter Elementary School

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 32
3
GreatSchools Rating

H.f. Stevens Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 59
3
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$959
Property Tax -$644
Property Insurance -$151
HOA -$33
Property Management Fees -$99
CASH FLOW
-$246

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.

$259,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,5753$1,5954$1,5955$1,640
$1,640
RENT COMPS ANALYSIS
  • 632 Brooks Street Crowley, TX 5
    • 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.76
    •  
  • 136 Lincoln Lane Crowley, TX 1
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2002
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.77
    •  
  • 720 Liberty Lane Crowley, TX 2
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.80
    •  
  • 820 Cheryl Street Crowley, TX 3
    • 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 2007
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 317 Heritage Drive Crowley, TX 4
    • 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2004
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
PROPERTY LISTING DETAILS
Suzette Teague
Abundance Realty Group Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463177
Last Updated: 10/30/2020
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