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1805 Greenhaven Lane Grapevine, TX 76051

4 Beds 4 Baths 3,143 sqft Built 1991

INVESTimate

$442,000

List Price

$2,840

$2,590 - $3,090

Rent Est.

$463,304  ( +4.82%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $140.63
  • 5 Days on Market
  • MLS # : 14418869
  • Updated Date : 08/22/2020 at 20:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,143 sqft
  • Baths : 3 full , 1 half
Listing Agent

Era Cornerstone Realty

Listing Agent's Description

If you need space, this home has it! This beautiful home is in a well sought after neighborhood in Grapevine. The elementary school is right around the corner. This neighborhood is perfect for an evening stroll. Upon entering the home the foyer and grande living area do not disappoint. Natural light flows through every room making the home even more inviting. The master suite is downstairs and has access to the back patio. Upstairs you will find another living area, three bedrooms, two bathrooms and great closet space. Come take a look!

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

Neighborhood: Shadow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k385k

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

Neighborhood: Shadow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262630

* 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
Grapevine Elementary School Primary Regular 531 34 9
Heritage Middle School Middle Regular 922 51 9
Heritage Middle School High Regular 922 51 9

Grapevine Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 34
9
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating

Heritage Middle School

  • Education Level: High
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating
 

$397,800$486,200$442,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,631
Property Tax -$840
Property Insurance -$209
Property Management Fees -$99
CASH FLOW
$61

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.

$442,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.82%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,880

INVESTMENT

$122,880

Down Payment
$110,500
Rehab Estimate
$5,750
Closing Costs
$6,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,631

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,500
Loan Amount $331,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$30,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,080

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,725
1$2,7252$2,8403$2,9004$3,0005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1805 Greenhaven Lane Grapevine, TX 2
    • 4 beds 4 baths ∙ 3,143 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,143 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.90
    •  
  • 1920 Fair Field Drive Grapevine, TX 1
    • 4 beds 4 baths ∙ 2,995 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,995 Sqft ∙ Built 1995
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $0.91
    •  
  • 1926 Stafford Road Grapevine, TX 3
    • 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 1992
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.00
    •  
  • 1916 Fair Field Drive Grapevine, TX 4
    • 4 beds 4 baths ∙ 3,067 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,067 Sqft ∙ Built 1994
    LEASED 03/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
  • 1804 Sandalwood Lane Grapevine, TX 5
    • 4 beds 4 baths ∙ 3,403 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,403 Sqft ∙ Built 1992
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jamie Lasuzzo-cook
Era Cornerstone Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418869
Last Updated: 08/22/2020
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