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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $141.32
- 2 Days on Market
- MLS # : 14488642
- Updated Date : 12/18/2020 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,229 sqft
- Baths : 2 full , 1 half
Listing Agent
Opendoor Brokerage, Llc
Listing Agent's Description
This Grand Prairie two-story home offers granite countertops, and a two-car garage. This home is vacant and cleaned regularly.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Westchester West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westchester West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$767 | |
| Property Insurance | -$156 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$164
|
||
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.
$315,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
2
YEARS SAVED
$5,089
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,001
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
142 Starbridge Lane Grand Prairie, TX 3
- 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $2,020
- $0.91
-
108 Mary Pat Drive Grand Prairie, TX 1
- 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,895
- $0.86
-
4308 Rebecca Court Grand Prairie, TX 2
- 4 beds 2 baths ∙ 2,316 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,316 Sqft ∙ Built 1999
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,995
- $0.86
-
4507 Harpers Ferry Drive Grand Prairie, TX 4
- 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1998
![property image]()
LEASED 09/25/20- Rent
- Rent Per SQFT
- $2,100
- $0.88
-
147 Summit Court Grand Prairie, TX 5
- 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 1987
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $2,200
- $0.99
PROPERTY LISTING DETAILS
Opendoor Brokerage, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488642
Last Updated: 12/18/2020
