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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $122.40
- 2 Days on Market
- MLS # : 14510986
- Updated Date : 02/06/2021 at 15:39
CONSTRUCTION
- Beds : 3
- Floor Size : 2,165 sqft
- Baths : 2 full , 1 half
Listing Agent
Jp And Associates Realtors
Listing Agent's Description
MULTIPLE OFFERS RECEIVED, please submit your highest and best offer by Sunday, February 7th, at noon. This lovely home has been well maintained throughout the years and is in great condition! The master bedroom is spacious with his and hers walk in closets. The master bath has a separate shower and garden bath for you to relax in after a rewarding and productive day. With a living area on each floor there is no need to settle, reserve one for naps and one for entertaining. The backyard is perfect for kids and pets as sunlight and shade are balanced throughout the day. Close to Grand Prairie Premium Outlets, the new Epic water park, IKEA, The Summit, and many delicious restaurants!
SEE MORE
- 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: Kirby Creek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kirby Creek Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$645 | |
| Property Insurance | -$152 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$265,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
2.67
YEARS SAVED
$5,776
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,911
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2108 Pond View Court Grand Prairie, TX 1
- 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,770
- $0.82
-
2016 Southwood Trail Grand Prairie, TX 2
- 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1998
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,795
- $0.90
-
3351 Red Mine Lane Grand Prairie, TX 3
- 4 beds 2 baths ∙ 2,198 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,198 Sqft ∙ Built 2003
LEASED 01/27/21- Rent
- Rent Per SQFT
- $1,845
- $0.84
-
3355 Sedona Drive Grand Prairie, TX 4
- 4 beds 2 baths ∙ 2,220 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,220 Sqft ∙ Built 2004
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,995
- $0.90
-
2423 Lost Mesa Grand Prairie, TX 5
- 4 beds 2 baths ∙ 2,355 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,355 Sqft ∙ Built 2003
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,100
- $0.89
PROPERTY LISTING DETAILS
Jp And Associates Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510986
Last Updated: 02/06/2021
