Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2565 Rialto Way Grand Prairie, TX 75052

4 Beds 3 Baths 1,868 sqft Built 1982

$254,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $136.46
  • 7 Days on Market
  • MLS # : 14490836
  • Updated Date : 12/27/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,868 sqft
  • Baths : 3 full
Listing Agent

Blue Mountain Llc

Listing Agent's Description

An amazing two story home with large living room, dinning room and am eat in kitchen area. This property has been newly remolded with all new fixtures, stainless steel steel appliances. The four bedroom is upstairs with a study. Also has a large backyard great for pets.Great access to Interstate 20 and GB 161 .This property is ready and a must see.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Forum Village Southwest

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $99k243k

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

Neighborhood: Forum Village Southwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9351734

* 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
Farrell Elementary School Primary Regular 763 45 5
Barnett Junior High School Middle Regular 893 69 6
Bowie High School High Regular 3,053 194 5

Farrell Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 45
5
GreatSchools Rating

Barnett Junior High School

  • Education Level: Middle
  • # of students: 893
  • # of teachers: 69
6
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 3,053
  • # of teachers: 194
5
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$940
Property Tax -$559
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
-$44

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.

$254,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6903$1,6954$1,6955$1,749
$1,749
RENT COMPS ANALYSIS
  • 2565 Rialto Way Grand Prairie, TX 2
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.90
    •  
  • 2751 Scarborough Drive Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1997
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 3531 Tamarack Drive Grand Prairie, TX 3
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2000
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 2918 Hollow Oak Drive Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1996
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 2637 Bennington Court Grand Prairie, TX 5
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1982
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.96
    •  
PROPERTY LISTING DETAILS
Grace Williams
Blue Mountain Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490836
Last Updated: 12/27/2020
BESbswy