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1925 Wildwood Drive Grand Prairie, TX 75050

3 Beds 2 Baths 2,484 sqft Built 2015

$385,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $154.99
  • 1 Days on Market
  • MLS # : 14463986
  • Updated Date : 11/02/2020 at 20:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,484 sqft
  • Baths : 2 full
Listing Agent

Firehouse Real Estate Services

Listing Agent's Description

Location! Location! Location! This is a beautiful must see house in an established neighborhood with amazing curb appeal! The house sits on an oversized lot surrounded by mature trees. This house is located in an perfect location in the DFW metroplex with only a 20 minute drive to Dallas or Fort Worth. The open floor plan is perfect for hosting parties or relaxing at home. This move in ready home boasts granite counter tops, tile and wood floors and dozens of other touches. This house will not last long so don't miss out!!

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: Wildwood Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $109k243k

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

Neighborhood: Wildwood Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9591762

* 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
Dwight D. Eisenhower Elementary School Primary Regular 753 43 7
John Adams Middle School Middle Regular 653 50 3
Dubiski Career High School High Regular 1,486 86 8

Dwight D. Eisenhower Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
7
GreatSchools Rating

John Adams Middle School

  • Education Level: Middle
  • # of students: 653
  • # of teachers: 50
3
GreatSchools Rating

Dubiski Career High School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,420
Property Tax -$937
Property Insurance -$171
Property Management Fees -$99
CASH FLOW
-$527

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.

$385,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$42

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,145

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1954$2,200
$2,200
RENT COMPS ANALYSIS
  • 1925 Wildwood Drive Grand Prairie, TX 2
    • 3 beds 2 baths ∙ 2,484 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,484 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 1756 Sunset Ridge Drive Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 2,517 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,517 Sqft ∙ Built 2002
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
  • 1740 Hidden Brook Drive Grand Prairie, TX 3
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2005
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.85
    •  
  • 2440 Kingsley Drive Grand Prairie, TX 4
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2002
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Chad Hensley
Firehouse Real Estate Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463986
Last Updated: 11/02/2020
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