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1921 N Port Court Grapevine, TX 76051

5 Beds 4 Baths 3,779 sqft Built 1995

$599,000

List Price

$4,340

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $158.51
  • 3 Days on Market
  • MLS # : 14500533
  • Updated Date : 03/12/2021 at 17:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,779 sqft
  • Baths : 3 full , 1 half
Listing Agent

Trusted Results Realty, Llc

Listing Agent's Description

Make lasting memories in this updated and remodeled home w ALL BEDROOMS UP! Multigenerational floorplan or inlaw suite available. Iron French doors bring elegant value to the home. Kitchen updated w SS appliances, built in desk & butlers pantry. Large horizon windows in breakfast nook offer view of diving and sport pool & entertainment area w covered patio. Downstairs formal living dining is flex space for whatever fits your lifestyle. Private office down, nursery or second study attached to master up. Media room could easily be converted into a play, game, or workout room. QUIETLY nestled between 121 and 360, 7 min to DFW airport, and 10 min drive to Southlake Townsquare and surrounded by all shopping centers!

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: Bear Run

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k443k

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

Neighborhood: Bear Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263037

* 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
 

$539,100$658,900$599,000

PURCHASE PRICE

$3,906$4,774$4,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,340
EXPENSES Loan Payment -$2,081
Property Tax -$1,138
Property Insurance -$246
HOA -$6
Property Management Fees -$99
CASH FLOW
$770

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.

$599,000

PROJECTED PRICE

$4,340

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$100,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,340

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $4,283

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$3,895
1$3,8952$4,3003$4,3404$4,500
$4,500
RENT COMPS ANALYSIS
  • 1921 N Port Court Grapevine, TX 3
    • 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,340
    • $1.15
    •  
  • 4004 Harvestwood Court Grapevine, TX 1
    • 4 beds 3 baths ∙ 3,771 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,771 Sqft ∙ Built 2000
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.03
    •  
  • 4712 Green Oaks Drive Colleyville, TX 2
    • 4 beds 4 baths ∙ 3,779 Sqft ∙ Built 1985 4 beds 4 baths ∙ 3,779 Sqft ∙ Built 1985
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.14
    •  
  • 5318 Meritage Lane Grapevine, TX 4
    • 4 beds 4 baths ∙ 3,663 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,663 Sqft ∙ Built 2004
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.23
    •  
PROPERTY LISTING DETAILS
Cynthia Day
Trusted Results Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500533
Last Updated: 03/12/2021
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