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

1831 Noble Court Grand Prairie, TX 75052

5 Beds 3 Baths 3,353 sqft Built 2020

$485,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $144.65
  • 4 Days on Market
  • MLS # : 14480387
  • Updated Date : 12/04/2020 at 16:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,353 sqft
  • Baths : 3 full
Listing Agent

Jill Parker

Listing Agent's Description

Royal Family Homes - Equals Urban Style & Comfort! This Particular Model - The Royal - Offers a welcoming entry with an open concept & kitchen that overlooks the main living. The secluded master suite is accented by a beautiful tray ceiling, king-sized walk-in closet, dual vanities, a large soaking tub, and luxe glass enclosed shower. The Royal is masterfully designed keeping in mind multi-generational needs with 2 extra bedrooms downstairs and a full Bathroom which makes it a unique feature. Close to Tons of Shopping & Dining choices including The Highlands, Grand Prairie Premium Outlet Mall & Loads More!! Photos are of Model Home! * Selected Features are Subject To Change Dependent on Buyer's Selections.*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Trailwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Trailwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8931734

* 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
Moseley Elementary School Primary Regular 618 38 6
Harry S Truman Middle School Middle Regular 600 42 4
Dubiski Career High School High Regular 1,486 86 8

Moseley Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 38
6
GreatSchools Rating

Harry S Truman Middle School

  • Education Level: Middle
  • # of students: 600
  • # of teachers: 42
4
GreatSchools Rating

Dubiski Career High School

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

$436,500$533,500$485,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,789
Property Tax -$1,181
Property Insurance -$221
HOA -$50
Property Management Fees -$99
CASH FLOW
-$990

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$485,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,525

INVESTMENT

$130,525

Down Payment
$121,250
Rehab Estimate
$2,000
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$54

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,330

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,3504$2,5505$2,550
$2,550
RENT COMPS ANALYSIS
  • 1831 Noble Court Grand Prairie, TX 3
    • 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2020 5 beds 3 baths ∙ 3,353 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.70
    •  
  • 2631 Sicily Court Grand Prairie, TX 1
    • 5 beds 3 baths ∙ 3,092 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,092 Sqft ∙ Built 2010
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.71
    •  
  • 5343 Maverick Drive Grand Prairie, TX 2
    • 5 beds 4 baths ∙ 3,334 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,334 Sqft ∙ Built 2004
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.66
    •  
  • 2340 Shackleford Trail Grand Prairie, TX 4
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2006
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.70
    •  
  • 2639 Excalibur Drive Grand Prairie, TX 5
    • 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 2012
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.71
    •  
PROPERTY LISTING DETAILS
Stephanie Woolfolk
Jill Parker
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480387
Last Updated: 12/04/2020
BESbswy