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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cimmaron Estates Grand Prairie
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
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
-
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
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519719
Last Updated: 02/26/2021
