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653 Brooks Street Crowley, TX 76036

4 Beds 2 Baths 2,058 sqft Built 2012

$249,999

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $121.48
  • 8 Days on Market
  • MLS # : 14460874
  • Updated Date : 10/27/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,058 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Burleson

Listing Agent's Description

Pride of Ownership. This one owner home has been meticulously maintained. Split floorpan and great use of space. Kitchen over looks the family room and has tons of storage, granite countertops and cozy breakfast nook. Living rooms is perfect for entertaining and family time. Formal dining could be used as an office or secondary living area. Master and secondary bedrooms are roomy with wonderful closets. Large extended patio with pergola is wired for entertainment tv. The location of this home can't be beat. Nestled minutes from I35 and Chisholm Trail , minutes from Fort Worth and Burleson. You won't want to miss this one

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
 

$224,999$274,999$249,999

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$922
Property Tax -$619
Property Insurance -$146
HOA -$29
Property Management Fees -$99
CASH FLOW
-$16

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.

$249,999

PROJECTED PRICE

$1,800

PROJECTED RENT

0.72%

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-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5753$1,6854$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 653 Brooks Street Crowley, TX 4
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 313 Heritage Drive Crowley, TX 1
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2004
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 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
    •  
  • 624 Vickie Street Crowley, TX 3
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2007
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.89
    •  
  • 628 Nemitz Street Crowley, TX 5
    • 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,029 Sqft ∙ Built 2008
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
PROPERTY LISTING DETAILS
Raina Bryant
Jp And Associates Burleson
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460874
Last Updated: 10/27/2020
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