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6327 Brookbriar Court Arlington, TX 76018

4 Beds 2 Baths 1,745 sqft Built 1992

INVESTimate

$215,000

List Price

$1,600

$1,440 - $1,760

Rent Est.

$236,694  ( +10.09%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $123.21
  • 3 Days on Market
  • MLS # : 14418430
  • Updated Date : 08/25/2020 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,745 sqft
  • Baths : 2 full
Listing Agent

Door Texas Realty, Llc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED! BEST & FINAL DEADLINE SET FOR 08-26-20 AT 3:00 PM! Welcome to this 4 bed, 2 bath home in Arlington! Bright and airy open concept includes a living room with brick fireplace and vaulted ceiling, which flows into the dining room with lots of natural light! You'll love the kitchen with granite counters, tile backsplash, and an abundance of storage. Downstairs master has an en-suite bath with dual sinks, tub, and separate walk-in shower! Upstairs are 3 more bedrooms with a bath. New carpet in all bedrooms, new ceiling fans, new faucets. Don't miss the fully fenced backyard with a patio slab, perfect for entertaining! Roof replaced 2019, new insulation and gutters 2019. New paint in & out!

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: Coldwater Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Coldwater Creek

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
Beckham Elementary School Primary Regular 616 40 7
Beckham Elementary School Middle Regular 616 40 7
Seguin High School High Regular 1,653 114 5

Beckham Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 40
7
GreatSchools Rating

Beckham Elementary School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 40
7
GreatSchools Rating

Seguin High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 114
5
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$793
Property Tax -$465
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$114

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.

$215,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.09%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$21,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,6004$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 6327 Brookbriar Court Arlington, TX 3
    • 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 6205 Parkmeadow Drive Arlington, TX 1
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1989
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 1220 Brookvalley Drive Arlington, TX 2
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1992
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 6509 Fairglen Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 6305 General Lane Arlington, TX 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2002
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
PROPERTY LISTING DETAILS
Paul Leddy
Door Texas Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418430
Last Updated: 08/25/2020
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