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1817 Branch Hollow Lane Grapevine, TX 76051

4 Beds 4 Baths 3,113 sqft Built 1989

$399,500

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $128.33
  • 4 Days on Market
  • MLS # : 14461620
  • Updated Date : 11/01/2020 at 11:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,113 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Open floorplan in sought after location! Spacious home with large kitchen, lots of cabinet & counter space, exceptional large bedrooms throughout with large walk in closets, downstairs master bedroom is 18 X 18 with large master closet, tons of storage, new tile in all bathrooms, new interior paint throughout, giant game room upstairs, new roof October 2020, hot water heater 2019, new AC Unit 2019, restained hardwoods, huge backyard with new storage shed. Walk to Grapevine Elementary A+, 3 nearby parks including the new 14 acre dog park, and city pool. Minutes to DFW Airport and just up the street to Glade Park shopping, restaurants and movie theatre, Excellent GCISD, Needs some updating and priced accordingly

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
 

$359,550$439,450$399,500

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$1,474
Property Tax -$759
Property Insurance -$207
Property Management Fees -$99
CASH FLOW
$491

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.

$399,500

PROJECTED PRICE

$3,030

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$111,618

INVESTMENT

$111,618

Down Payment
$99,875
Rehab Estimate
$5,750
Closing Costs
$5,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,474

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,875
Loan Amount $299,625
See What Happens When You Reinvest Cash Flow

10.75

YEARS SAVED

$74,710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,027

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,725
1$2,7252$2,9003$2,9954$3,0305$3,500
$3,500
RENT COMPS ANALYSIS
  • 1817 Branch Hollow Lane Grapevine, TX 4
    • 4 beds 4 baths ∙ 3,113 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,113 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $0.97
    •  
  • 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 2
    • 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
    •  
  • 2613 Flameleaf Drive Grapevine, TX 3
    • 4 beds 3 baths ∙ 3,140 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,140 Sqft ∙ Built 1996
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.95
    •  
  • 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
Joe Atwal
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461620
Last Updated: 11/01/2020
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