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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $147.73
- 5 Days on Market
- MLS # : 14473715
- Updated Date : 11/18/2020 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,827 sqft
- Baths : 2 full
Listing Agent
Connie Felder & Associates
Listing Agent's Description
Beautiful home in sought after Oak Hollow! Updated 3 bedroom 2 bath 1.5 story home with oversized attached decked covered patio. Spacious living area with beautiful wood burning fireplace! Great layout! Master down, 3 bedrooms upstairs, Laminate flooring in living room with new carpet in all 3 rooms. Ceiling fans in living room and bedrooms, new siding, windows, garage door openers, light fixtures, doors and new paint inside and out. HVAC replaced in 2015. Roof only 4 years old! You will love this home! Come make it yours just in time for the holidays!
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: Oak Hollow Grand Prairie
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Hollow Grand Prairie
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$592 | |
| Property Insurance | -$133 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$100
|
||
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.
$269,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.3% |
| 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
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
2.58
YEARS SAVED
$6,698
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,722
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
2634 Winslow Drive Grand Prairie, TX 4
- 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.94
-
2637 Hamilton Drive Grand Prairie, TX 1
- 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1983
![property image]()
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,575
- $0.93
-
2674 Hamilton Drive Grand Prairie, TX 2
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1983
![property image]()
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
4414 Emerson Drive Grand Prairie, TX 3
- 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1984
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,695
- $0.91
-
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
![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,749
- $0.96
PROPERTY LISTING DETAILS
Connie Felder & Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473715
Last Updated: 11/18/2020
