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1414 Medina Trail Euless, TX 76039

4 Beds 3 Baths 2,867 sqft Built 2018

$575,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $200.56
  • 2 Days on Market
  • MLS # : 14466137
  • Updated Date : 11/07/2020 at 12:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,867 sqft
  • Baths : 3 full
Listing Agent

Dfw Legacy Group

Listing Agent's Description

This stunning K. Hovnanian one and a half story home in highly sought after Glade Parks located in the award winning Grapevine Colleyville ISD, is perfect for families! The open - concept floor plan features 3 bedrooms and a second living-play room downstairs and a large game room and 4th bedroom with full bath upstairs. The gourmet kitchen boasts custom raised cabinets, quartz countertops, stainless steel appliances, and eat in breakfast area with built in window seat perfect for entertaining! Enjoy relaxing on the large covered back patio and watch your kids play at the park. Walking distance to shopping, theater, schools, dining, and entertainment makes this home a perfect choice for your family! MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: 76039

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $122k266k

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

Zip Code: 76039

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9931902

* 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
Heritage Elementary School Primary Regular 454 29 9
Colleyville Middle School Middle Regular 725 40 9
Colleyville Heritage High School High Regular 2,222 135 8

Heritage Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
9
GreatSchools Rating

Colleyville Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 40
9
GreatSchools Rating

Colleyville Heritage High School

  • Education Level: High
  • # of students: 2,222
  • # of teachers: 135
8
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,122
Property Tax -$1,116
Property Insurance -$193
HOA -$56
Property Management Fees -$99
CASH FLOW
-$656

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.

$575,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,652

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,4993$2,8954$2,9305$3,000
$3,000
RENT COMPS ANALYSIS
  • 1414 Medina Trail Euless, TX 4
    • 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.02
    •  
  • 2410 Grizzly Run Lane Euless, TX 1
    • 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2005
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
  • 2500 Kodiak Circle Euless, TX 2
    • 3 beds 3 baths ∙ 2,829 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,829 Sqft ∙ Built 2005
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.88
    •  
  • 4113 Parkview Court Bedford, TX 3
    • 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.97
    •  
  • 1002 Lost Valley Drive Euless, TX 5
    • 5 beds 4 baths ∙ 3,128 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,128 Sqft ∙ Built 2012
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Lori Jacobson
Dfw Legacy Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466137
Last Updated: 11/07/2020
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