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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $141.08
- 5 Days on Market
- MLS # : 14493908
- Updated Date : 01/06/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,622 sqft
- Baths : 3 full
Listing Agent
Dave Perry Miller Real Estate
Listing Agent's Description
Stylish updates and a striking view! This home showcases a remodeled kitchen with large island and breakfast bar, white shaker cabinets, stone countertops, gas range, and lots of pull out drawer storage! Flooring throughout the living areas has been replaced with a beautiful wood-look tile. Enjoy movie night with a 1st floor media room conveniently located just off the kitchen and outfitted with snack bar and built-in wine fridge. Enjoy expansive views from the four-season back yard with a heated pool, spill-over spa and gas fire pit. Perfectly appointed to entertain or simply stay at home in style! Home also features a second downstairs bedroom and full bath, upstairs office or game space and 2-car garage.
SEE MORE
- # 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: The Cove at Grand Peninsula
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Cove at Grand Peninsula
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$864 | |
| Property Insurance | -$179 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$135
|
||
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.
$369,900
PROJECTED PRICE
$2,350
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$103,774
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
2.33
YEARS SAVED
$6,443
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,314
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2623 Cove Drive Grand Prairie, TX 4
- 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,350
- $0.90
-
6868 Shoreview Drive Grand Prairie, TX 1
- 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004
LEASED 08/13/19- Rent
- Rent Per SQFT
- $1,999
- $0.86
-
7232 Roble Grand Prairie, TX 2
- 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015
LEASED 05/02/20- Rent
- Rent Per SQFT
- $2,200
- $0.88
-
7044 Bethlehem Drive Grand Prairie, TX 3
- 3 beds 2 baths ∙ 2,612 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,612 Sqft ∙ Built 2006
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,350
- $0.90
-
2565 Marina Drive Grand Prairie, TX 5
- 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004
LEASED 06/14/20- Rent
- Rent Per SQFT
- $2,400
- $0.89
PROPERTY LISTING DETAILS
Dave Perry Miller Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493908
Last Updated: 01/06/2021
