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4536 Brenda Drive 
Flower Mound, TX
75022
5 Beds 4 Baths 3,382 sqft
Built 2002
INVESTimate
$459,000
List Price
$127,385
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $135.72
- 2 Days on Market
- MLS # : 14420807
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,382 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Trinity
Listing Agent's Description
Bargain price on this charming 5 bedroom Highland home in sought after Wellington Estates. Freshly painted & new carpet downstairs in August 2020. Hardwood floors, huge island kitchen with granite counters, & more. Private owner's suite down with luxury bath including a relaxing jetted tub. Den open to kitchen & features a cozy fireplace with gas logs. 4 large bedrooms plus a gameroom upstairs. Great storage- big closets throughout. Extra deep garage for large vehicles. Stainless steel French-Door Refrigerator, washer, and dryer are included. Stamped stone patio with cedar arbor for backyard entertaining. One year home warranty included. Hurry before this one is gone!
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
Neighborhood: Wellington Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wellington Estates
* 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 | $2,850 |
| EXPENSES | Loan Payment | -$1,694 |
| Property Tax | -$793 | |
| Property Insurance | -$223 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$26
|
||
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.
$459,000
PROJECTED PRICE
$2,850
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.08% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,385
LOAN DETAILS
$1,694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,750 |
| Loan Amount | $344,250 |
4.33
YEARS SAVED
$23,244
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,850
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$3,018
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
4536 Brenda Drive Flower Mound, TX 2
- 5 beds 4 baths ∙ 3,382 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,382 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $2,850
- $0.84
-
4508 Delaina Drive Flower Mound, TX 1
- 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,351 Sqft ∙ Built 2005
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $2,850
- $0.85
-
3616 Karla Drive Flower Mound, TX 3
- 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2002
![property image]()
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,900
- $0.90
-
3425 Courtney Drive Flower Mound, TX 4
- 4 beds 5 baths ∙ 3,351 Sqft ∙ Built 2004 4 beds 5 baths ∙ 3,351 Sqft ∙ Built 2004
![property image]()
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,950
- $0.88
-
4700 Christopher Court Flower Mound, TX 5
- 4 beds 4 baths ∙ 3,512 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,512 Sqft ∙ Built 2006
![property image]()
LEASED 08/28/19- Rent
- Rent Per SQFT
- $3,300
- $0.94
PROPERTY LISTING DETAILS
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420807
Last Updated: 08/26/2020
