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2664 Bonita Drive Grand Prairie, TX 75054

5 Beds 5 Baths 4,549 sqft Built 2019

$530,000

List Price

$3,650

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $116.51
  • 3 Days on Market
  • MLS # : 14500702
  • Updated Date : 01/15/2021 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,549 sqft
  • Baths : 4 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Built in 2019 by First Texas Homes, this incredible home is immaculate and has been gently lived-in. Upon arrival you will find upgraded stone elevation, and double doors that lead into a two-story foyer with a grand staircase. Secondary bedroom down with private bath. Oversized master closet, shower, and 6 foot tub. California kitchen with chefs island and open concept between kitchen and family room. The 3rd car garage makes for great curb appeal while the oversized covered patio is the perfect place to entertain guests. Gameroom, media room, and secondary bedrooms all located upstairs. Close to shopping, restaurants, highways, and highly rated schools.

SEE MORE

MARKET HIGHLIGHTS

  • . 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

Zip Code: 75054

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k354k

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

Zip Code: 75054

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9592659

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$477,000$583,000$530,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$1,841
Property Tax -$1,163
Property Insurance -$290
HOA -$47
Property Management Fees -$99
CASH FLOW
$211

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.

$530,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$38,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,882

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,6503$4,2004$4,450
$4,450
RENT COMPS ANALYSIS
  • 2664 Bonita Drive Grand Prairie, TX 2
    • 5 beds 5 baths ∙ 4,549 Sqft ∙ Built 2019 5 beds 5 baths ∙ 4,549 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.80
    •  
  • 2912 England Parkway Grand Prairie, TX 1
    • 6 beds 6 baths ∙ 4,675 Sqft ∙ Built 2007 6 beds 6 baths ∙ 4,675 Sqft ∙ Built 2007
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.72
    •  
  • 2716 La Jolla Boulevard Grand Prairie, TX 3
    • 6 beds 4 baths ∙ 4,667 Sqft ∙ Built 2020 6 beds 4 baths ∙ 4,667 Sqft ∙ Built 2020
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $0.90
    •  
  • 2627 Linda Vista Grand Prairie, TX 4
    • 5 beds 5 baths ∙ 4,752 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,752 Sqft ∙ Built 2017
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $0.94
    •  
PROPERTY LISTING DETAILS
Adam Noss
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500702
Last Updated: 01/15/2021
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