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302 Brookview Drive 
Decatur, TX
76234
4 Beds 2 Baths 2,086 sqft
Built 1984
INVESTimate
$319,000
List Price
$90,285
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $152.92
- 1 Days on Market
- MLS # : 14419371
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,086 sqft
- Baths : 2 full
Listing Agent
Parker Properties
Listing Agent's Description
Rare find in highly sought after Brookhollow subdivision in Decatur! This recently updated home features 4 bed, 2 bath, recently installed granite, stainless steel appliances, painted cabinets, enclosed back patio and a large spray foamed 35x35 shop that is plumbed with a toilet and sink and has electricity as well. This home sits on nearly half an acre and has been well maintained and taken care of. Brookhollow is a well established neighborhood just minutes from Downtown Decatur and is known for its large trees, generous lot sizes and being close proximity to all of Decatur as well as 287 toward the metroplex and a short drive from 114 in Boyd. Don't miss your opportunity on this one!
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: 76234
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76234
* 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 | $1,520 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$659 | |
| Property Insurance | -$148 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$563
|
||
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.
$319,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.62% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
-0.08
YEARS SAVED
-$2
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,711
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
302 Brookview Drive Decatur, TX 1
- 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,520
- $0.73
-
1694 Preskitt Road Decatur, TX 2
- 3 beds 2 baths ∙ 2,372 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,372 Sqft ∙ Built 1970
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,950
- $0.82
PROPERTY LISTING DETAILS
Parker Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419371
Last Updated: 08/25/2020
