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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $165.73
- 3 Days on Market
- MLS # : 14471976
- Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,418 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Incredibly charming single story home in amazing location! You'll feel right at home in this quiet neighborhood close to great schools, shopping, dining and easy access to PGBT tollway, I-20, and I-30. New floors throughout (no carpet)! All bedrooms have walk in closet. Backyard features covered patio and basketball hoop. Recent updates include new roof, window screens, and AC unit in 2020. Wifi Smart home features include smart garage opener and smart AC, plus pre-existing alarm system. 20 minutes from downtown Dallas & 15 minutes from Dallas Cowboys & Texas Rangers stadium! Close proximity to golf club, nature preserves, lakes-outdoor amenities, new indoor waterpark, and Lone Star racetrack! Don't miss out!
SEE MORE
- 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: Meadow Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$572 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$157
|
||
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.
$235,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
1.5
YEARS SAVED
$2,525
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,326
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
1139 Meadows Drive Grand Prairie, TX 3
- 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,490
- $1.05
-
3170 Walingford Drive Grand Prairie, TX 1
- 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1995
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,450
- $0.91
-
3326 Spring Meadow Lane Grand Prairie, TX 2
- 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1995
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,475
- $0.92
-
652 Beatty Drive Grand Prairie, TX 4
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1995
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,595
- $0.90
-
2047 Crosbyton Lane Grand Prairie, TX 5
- 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,625
- $1.01
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471976
Last Updated: 11/20/2020
