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6327 Brookbriar Court 
Arlington, TX
76018
4 Beds 2 Baths 1,745 sqft
Built 1992
INVESTimate
$215,000
List Price
$62,725
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PROPERTY INFO
FACTS
- Built In 1992
- Price/Sqft : $123.21
- 3 Days on Market
- MLS # : 14418430
- Updated Date : 08/25/2020 at 16:51
CONSTRUCTION
- Beds : 4
- Floor Size : 1,745 sqft
- Baths : 2 full
Listing Agent
Door Texas Realty, Llc
Listing Agent's Description
MULTIPLE OFFERS RECEIVED! BEST & FINAL DEADLINE SET FOR 08-26-20 AT 3:00 PM! Welcome to this 4 bed, 2 bath home in Arlington! Bright and airy open concept includes a living room with brick fireplace and vaulted ceiling, which flows into the dining room with lots of natural light! You'll love the kitchen with granite counters, tile backsplash, and an abundance of storage. Downstairs master has an en-suite bath with dual sinks, tub, and separate walk-in shower! Upstairs are 3 more bedrooms with a bath. New carpet in all bedrooms, new ceiling fans, new faucets. Don't miss the fully fenced backyard with a patio slab, perfect for entertaining! Roof replaced 2019, new insulation and gutters 2019. New paint in & out!
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: Coldwater Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coldwater Creek
* 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 | $1,600 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$465 | |
| Property Insurance | -$128 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$114
|
||
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.
$215,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.09% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
7.08
YEARS SAVED
$21,444
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,714
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
6327 Brookbriar Court Arlington, TX 3
- 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,745 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,600
- $0.92
-
6205 Parkmeadow Drive Arlington, TX 1
- 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1989
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,500
- $0.97
-
1220 Brookvalley Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1992
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,500
- $0.95
-
6509 Fairglen Drive Arlington, TX 4
- 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 2003
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.01
-
6305 General Lane Arlington, TX 5
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2002
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,795
- $1.00
PROPERTY LISTING DETAILS
Door Texas Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14418430
Last Updated: 08/25/2020
