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821 Green Brook Drive Allen, TX 75002

4 Beds 3 Baths 2,365 sqft Built 1982

$332,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $140.76
  • 4 Days on Market
  • MLS # : 14519273
  • Updated Date : 02/20/2021 at 09:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,365 sqft
  • Baths : 3 full
Listing Agent

Listing Spark

Listing Agent's Description

Wonderful 1.5 story home in Fountain Park. 4 bed, 3 full baths. Lots of living space and storage. Both HVAC units replaced in 2017 w wifi enabled t-stats, roof replaced in 2018, new wifi enabled garage door opener in 2019, and new gas water heater in 2020. Upstairs is the perfect teen suite, guest room, or game-room with full bath and huge walk-in closet. Additional flex space on main level that can be used as office or craft area.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Fountain Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: Fountain Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10782213

* 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
Curtis Middle School Middle Regular 1,191 70 10
Lowery Freshman Center High Regular 1,571 104 8
Curtis Middle School Middle Unknown NA

Curtis Middle School

  • Education Level: Middle
  • # of students: 1,191
  • # of teachers: 70
10
GreatSchools Rating

Lowery Freshman Center

  • Education Level: High
  • # of students: 1,571
  • # of teachers: 104
8
GreatSchools Rating

Curtis Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$299,610$366,190$332,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,156
Property Tax -$641
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$100

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.

$332,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,969

INVESTMENT

$93,969

Down Payment
$83,225
Rehab Estimate
$5,750
Closing Costs
$4,994

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,156

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,225
Loan Amount $249,675
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,939

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$1,9504$1,9505$1,960
$1,960
RENT COMPS ANALYSIS
  • 821 Green Brook Drive Allen, TX 5
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.83
    •  
  • 713 Sycamore Creek Road Allen, TX 1
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 1990
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 918 Spring Brook Drive Allen, TX 2
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 1985
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 918 Rivercrest Boulevard Allen, TX 3
    • 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1978
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 1112 Brookview Drive Allen, TX 4
    • 4 beds 2 baths ∙ 2,287 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,287 Sqft ∙ Built 1992
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Aaron Jistel
Listing Spark
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519273
Last Updated: 02/20/2021
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