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7 Greenbriar Court Trophy Club, TX 76262

4 Beds 3 Baths 2,874 sqft Built 1982

$435,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $151.36
  • 5 Days on Market
  • MLS # : 14482856
  • Updated Date : 12/11/2020 at 08:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,874 sqft
  • Baths : 3 full
Listing Agent

Luxury Home, Realtors

Listing Agent's Description

*** Highest and Best by Sat Noon *** Beautiful One Story, 4 Bedroom Custom with Saltwater Pool situated on a large treed lot and on a private cul de sac street. Desirable Trophy Club location, Byron Nelson High, near Ben Hogan's Golf Course and Trophy Club Country Club. Freshly painted kitchen cabinets, living area are now a light designer shade; several rooms were recently painted. Primary bath shower updated with stone floor and seamless glass, 3rd bath shower updated. Covered patio, automatic gated driveway, ample parking. 4th bedroom has built ins and could be a study or formal dining at entry could be used as a office. Roof replaced Dec 2018.

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: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k487k

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

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263909

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,605
Property Tax -$826
Property Insurance -$193
Property Management Fees -$99
CASH FLOW
-$3

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.

$435,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$24,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,723

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,7204$2,8955$2,950
$2,950
RENT COMPS ANALYSIS
  • 7 Greenbriar Court Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.95
    •  
  • 7 Saint Andrews Court Trophy Club, TX 1
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2000
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 222 Pebble Beach Drive Trophy Club, TX 2
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1989
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
  • 2 Shields Court Trophy Club, TX 4
    • 4 beds 4 baths ∙ 2,969 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,969 Sqft ∙ Built 1999
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.98
    •  
  • 550 Indian Creek Drive Trophy Club, TX 5
    • 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 1985
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Alisa Piedlau
Luxury Home, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482856
Last Updated: 12/11/2020
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