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801 Shady Brook Lane 
Fairview, TX
75069
3 Beds 2 Baths 2,832 sqft
Built 2008
INVESTimate
$659,000
List Price
$180,385
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $232.70
- 2 Days on Market
- MLS # : 14419519
- Updated Date : 08/25/2020 at 11:11
CONSTRUCTION
- Beds : 3
- Floor Size : 2,832 sqft
- Baths : 2 full
Listing Agent
Vip Realty
Listing Agent's Description
One-story home on heavily treed, one-acre lot with 3-car garage. Open floor plan, neutral colors, split floor plan. Green Built home with foam insulation and all other energy savings features. Meticulously maintained home and grounds. Hardwood and tile floors throughout. Nature lovers’ delight. Wrought iron fencing and cross fencing. Three covered porches and one open air patio. New roof and exterior paint in 2019. Epoxy-coated garage floors. Insulated garage doors. Abundant attic storage in walk up, climate-controlled attic. Estate living on a smaller scale for the discriminating buyer.
SEE MORE
- . 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
Zip Code: 75069
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75069
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$1,193 | |
| Property Insurance | -$191 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,354
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$659,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$180,385
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $164,750 |
| Loan Amount | $494,250 |
-0.17
YEARS SAVED
-$47
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,560
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,138
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
801 Shady Brook Lane Fairview, TX 5
- 3 beds 2 baths ∙ 2,832 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,832 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $2,560
- $0.90
-
1317 Rusk Drive Allen, TX 1
- 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2006
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,895
- $0.72
-
1707 Shawnee Trail Allen, TX 2
- 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2006
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,995
- $0.76
-
5397 Conestoga Drive Fairview, TX 3
- 3 beds 3 baths ∙ 2,948 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,948 Sqft ∙ Built 2012
LEASED 01/23/20- Rent
- Rent Per SQFT
- $2,100
- $0.71
-
5569 Emerson Court Fairview, TX 4
- 3 beds 3 baths ∙ 2,697 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,697 Sqft ∙ Built 2008
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,250
- $0.83
PROPERTY LISTING DETAILS
Vip Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419519
Last Updated: 08/25/2020
