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2712 Ferdinand Grand Prairie, TX 75054

5 Beds 4 Baths 4,250 sqft Built 2010

$495,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $116.47
  • 1 Days on Market
  • MLS # : 14493316
  • Updated Date : 01/03/2021 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,250 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty, Llc

Listing Agent's Description

This spectacular property located in the Mira Lagos community features miles of jogging trails, multiple pools, playgrounds and clubhouse. This well cared for home boasts open and vast living and dining spaces. Special attention was paid to the custom brick work, interior finish out, and chef's kitchen. Upgraded home features include beautiful hand nailed and scraped hardwood flooring downstairs, new exterior carriage lighting, new interior formal lights and new luxurious master bedroom carpet. The backyard features a built in Green Egg grill and fireplace for your outdoor dining and entertainment. This is a smart home with many features for security and comfort. Set your appointment now while it's available.

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: Mira Lagos East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k379k

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

Neighborhood: Mira Lagos East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9592941

* 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
Anna May Daulton Elementary School Primary Regular 665 41 8
Danny Jones Middle School Middle Regular 843 51 9
Mansfield Lake Ridge High School High Unknown 2,085 113 NA

Anna May Daulton Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 41
8
GreatSchools Rating

Danny Jones Middle School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 51
9
GreatSchools Rating

Mansfield Lake Ridge High School

  • Education Level: High
  • # of students: 2,085
  • # of teachers: 113
NA
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$1,826
Property Tax -$1,086
Property Insurance -$273
HOA -$47
Property Management Fees -$99
CASH FLOW
$149

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.

$495,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$38,796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,549

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,4003$3,4804$3,5005$3,700
$3,700
RENT COMPS ANALYSIS
  • 2712 Ferdinand Grand Prairie, TX 3
    • 5 beds 4 baths ∙ 4,250 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,250 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $0.82
    •  
  • 2708 Fuente Grand Prairie, TX 1
    • 5 beds 5 baths ∙ 3,911 Sqft ∙ Built 2010 5 beds 5 baths ∙ 3,911 Sqft ∙ Built 2010
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
  • 2714 Point View Cedar Hill, TX 2
    • 4 beds 4 baths ∙ 4,208 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,208 Sqft ∙ Built 2006
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.81
    •  
  • 7523 Lynnwood Drive Grand Prairie, TX 4
    • 5 beds 5 baths ∙ 4,065 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,065 Sqft ∙ Built 2018
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.86
    •  
  • 7375 Vienta Point Grand Prairie, TX 5
    • 5 beds 4 baths ∙ 4,100 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,100 Sqft ∙ Built 2016
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.90
    •  
PROPERTY LISTING DETAILS
Franklin Walley
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493316
Last Updated: 01/03/2021
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