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2036 Crosbyton Lane Grand Prairie, TX 75052

3 Beds 2 Baths 1,609 sqft Built 2006

$245,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $152.27
  • 4 Days on Market
  • MLS # : 14519719
  • Updated Date : 02/26/2021 at 11:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,609 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

*MULTIPLE OFFERS HIGHEST & BEST by 6pm Sunday* Nicely updated 3 Bed 2 Bath home has lots to offer! Enter the front foyer to a LARGE open concept living room with hardwood floors and a cozy wood burning fireplce. Kitchen has lots of cabinet space, stainless steel appliances, breakfast bar and over-sized walk in pantry. The breakfast room looks out in the backyard with expanded concrete patio and wood pergola - great for some Texas BBQ's! But there's more - The Master Suite is HUGE, double vanity, garden tub, separate shower and generous closet. Secondary bedrooms are split from the master and spacious! Updated farmhouse chic lighting and fans throughout the home. Great curb appeal on a cul-de-sac street.

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: Cimmaron Estates Grand Prairie

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Cimmaron Estates Grand Prairie

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451848

* 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
Sallye Moore Elementary School Primary Regular 518 35 4
Andrew Jackson Middle School Middle Regular 1,128 68 6
Dubiski Career High School High Regular 1,486 86 8

Sallye Moore Elementary School

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 35
4
GreatSchools Rating

Andrew Jackson Middle School

  • Education Level: Middle
  • # of students: 1,128
  • # of teachers: 68
6
GreatSchools Rating

Dubiski Career High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$851
Property Tax -$596
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
-$167

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.

$245,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,488

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5003$1,5954$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 2036 Crosbyton Lane Grand Prairie, TX 2
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 3326 Spring Meadow Lane Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1995
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.92
    •  
  • 652 Beatty Drive Grand Prairie, TX 3
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1995
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.90
    •  
  • 3531 Tamarack Drive Grand Prairie, TX 4
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2000
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 3128 Ponds Edge Trail Grand Prairie, TX 5
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1999
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
PROPERTY LISTING DETAILS
Tina Thomas
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519719
Last Updated: 02/26/2021
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