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PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $133.36
- 6 Days on Market
- MLS # : 14462283
- Updated Date : 11/05/2020 at 09:43
CONSTRUCTION
- Beds : 3
- Floor Size : 2,137 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
Beautiful home in a great location! The large, open family room has vaulted ceilings, beams, and a planked accent wall. The white brick fireplace is flanked by windows and the extended hearth provides extra seating for entertaining. Light and bright kitchen has been completely remodeled and boasts a double oven, breakfast bar, and granite counter tops. Plush new carpeting in all of the bedrooms. French doors lead out onto the courtyard patio. The tall fence provides plenty of privacy to enjoy the hot tub. Easy access to GB Turnpike, I-30, and 360 with shopping, dining, and entertainment is just minutes away. Don't wait!
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: Greenbriar Estates Grand Prairie
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greenbriar 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 | $1,740 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$694 | |
| Property Insurance | -$151 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$255
|
||
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.
$285,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.2% |
| 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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
0.67
YEARS SAVED
$962
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,881
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2206 Ed Smith Court Grand Prairie, TX 3
- 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,137 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,740
- $0.81
-
1401 Paris Drive Grand Prairie, TX 1
- 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1966
![property image]()
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,650
- $0.89
-
1905 Libby Lane Grand Prairie, TX 2
- 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1990
![property image]()
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,650
- $0.83
-
1705 Roman Road Grand Prairie, TX 4
- 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 1968 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 1968
![property image]()
LEASED 11/09/19- Rent
- Rent Per SQFT
- $2,000
- $0.93
-
2414 Greenwood Drive Grand Prairie, TX 5
- 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1972 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1972
![property image]()
LEASED 09/26/20- Rent
- Rent Per SQFT
- $2,050
- $0.87
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14462283
Last Updated: 11/05/2020
