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2108 Pond View Court Grand Prairie, TX 75052

3 Beds 3 Baths 2,165 sqft Built 1999

$265,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
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

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: Kirby Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $103k243k

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

Neighborhood: Kirby Creek Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9081734

* 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

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
$1,770
1$1,7702$1,7953$1,8454$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 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
Lee Landin
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510986
Last Updated: 02/06/2021
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