Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
1811 Sonnet Drive 
Grapevine, TX
76051
3 Beds 3 Baths 1,788 sqft
Built 1985
INVESTimate
$339,999
List Price
$95,850
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $190.16
- 1 Days on Market
- MLS # : 14415050
- Updated Date : 08/26/2020 at 04:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,788 sqft
- Baths : 2 full , 1 half
Listing Agent
Cyndex Realty
Listing Agent's Description
Must see Grapevine home completely renovated with incredible covered patio & extended flagstone sitting area perfect for entertaining! This home has been opened up kitchen open to both living areas! Offers stainless steel appliances, new windows & doors, wood laminate & tile floors and more! Walk up the wrought iron stairs to the extra beds (only carpet). updated 2nd bath & master bedroom which offers a custom walk-in closet and master bath with fantastic vanity area and shower! 4 ton 14 SEER AC in 2016. Approx. 2 miles to gorgeous Main St. Grapevine! Ideal location near shopping, schools and highways! Hurry and take a look - this one won't last!
SEE MORE
- . 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: Dove Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dove Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$646 | |
| Property Insurance | -$131 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$160
|
||
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.
$339,999
PROJECTED PRICE
$1,970
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.97% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $254,999 |
2.5
YEARS SAVED
$7,921
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,967
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
1811 Sonnet Drive Grapevine, TX 3
- 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,970
- $1.10
-
2212 Thistlewood Court Grapevine, TX 1
- 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1986
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,895
- $1.10
-
1716 Stoneway Drive Grapevine, TX 2
- 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1985
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,900
- $1.05
-
1602 Stoneway Drive Grapevine, TX 4
- 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 1985
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,000
- $1.16
-
1440 Ryan Court Grapevine, TX 5
- 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1986
LEASED 09/17/19- Rent
- Rent Per SQFT
- $2,025
- $1.09
PROPERTY LISTING DETAILS
Cyndex Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14415050
Last Updated: 08/26/2020
