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1737 Avenue D Grand Prairie, TX 75051

4 Beds 2 Baths 2,053 sqft Built 2020

$299,450

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $145.86
  • 2 Days on Market
  • MLS # : 14477009
  • Updated Date : 11/28/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,053 sqft
  • Baths : 2 full
Listing Agent

Listing Spark

Listing Agent's Description

This stunning newly built home will be ready to move in just in time for Christmas. This Home is packed with elegant details every where you turn. It has 4 large bedrooms 2 full bathrooms spacious living dinning and a grand kitchen open floor plan beautiful chimney it has gorgeous custom cabinets and granite countertops throught the house this house also includes a laundry room and a large coverd back porch. It is close to many outstanding schools, universities, shopping centers, and entertainment.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Lake Crest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k243k

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

Neighborhood: Lake Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8341734

* 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
Hobbs Williams Elementary School Primary Regular 612 38 4
Young Mens Leadership Academy At Kennedy Middle School Middle Regular 895 64 NA
Dubiski Career High School High Regular 1,486 86 8

Hobbs Williams Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 38
4
GreatSchools Rating

Young Mens Leadership Academy At Kennedy Middle School

  • Education Level: Middle
  • # of students: 895
  • # of teachers: 64
NA
GreatSchools Rating

Dubiski Career High School

  • Education Level: High
  • # of students: 1,486
  • # of teachers: 86
8
GreatSchools Rating
 

$269,505$329,395$299,450

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,105
Property Tax -$729
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
-$519

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$299,450

PROJECTED PRICE

$1,560

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,354

INVESTMENT

$81,354

Down Payment
$74,863
Rehab Estimate
$2,000
Closing Costs
$4,492

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,863
Loan Amount $224,588
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$4

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,7503$1,7954$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 1737 Avenue D Grand Prairie, TX 1
    • 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.76
    •  
  • 1911 Amerigo Drive Dallas, TX 2
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2007
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 1331 Saltillo Street Grand Prairie, TX 3
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2008
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 2109 Proctor Drive Grand Prairie, TX 4
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2015
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 2644 Carmen Drive Grand Prairie, TX 5
    • 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2003
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
PROPERTY LISTING DETAILS
Aaron Jistel
Listing Spark
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477009
Last Updated: 11/28/2020
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