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2820 Rolling Hills Lane Grand Prairie, TX 75052

4 Beds 3 Baths 2,743 sqft Built 2000

$367,990

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $134.16
  • 2 Days on Market
  • MLS # : 14465562
  • Updated Date : 11/07/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,743 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

RARE custom renovated home, shows like a model in a NO HOA nghbrhd @ the end of a culd-e-sac!Upgrades incl. framed windows, custom textured walls, ornate stacked crown molding & 1'tall baseboards throughout, framed mirrors in all baths, REAL hand-scrapped nail down wood floors & stairs. Warm open floor plan w.tons of kitchen cabinet storage. Split spacious bedrooms w. custom closets!OVER 2500 extra sf of parking available on this oversized lot!PERFECT for people with an RV, boat, work vehicles!No need to pay for storage anymore! Fridge, w. dryer,tvs & all furniture downstairs included with full price offer!Buyers & Buyer agent to verify all information, measurements, schools & all additional information within.

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

Neighborhood: Forum Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k258k

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

Neighborhood: Forum Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451887

* 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
 

$331,191$404,789$367,990

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,358
Property Tax -$807
Property Insurance -$186
Property Management Fees -$99
CASH FLOW
-$270

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.

$367,990

PROJECTED PRICE

$2,180

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,267

INVESTMENT

$103,267

Down Payment
$91,998
Rehab Estimate
$5,750
Closing Costs
$5,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,998
Loan Amount $275,993
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,153

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9453$1,9504$1,9955$2,180
$2,180
RENT COMPS ANALYSIS
  • 2820 Rolling Hills Lane Grand Prairie, TX 5
    • 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,743 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.79
    •  
  • 2467 Wayne Way Grand Prairie, TX 1
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2002
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 3345 Stoneway Drive Grand Prairie, TX 2
    • 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1999
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.80
    •  
  • 2720 Olympia Drive Grand Prairie, TX 3
    • 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,495 Sqft ∙ Built 1993
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 4111 Kentshire Drive Grand Prairie, TX 4
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 1998
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
PROPERTY LISTING DETAILS
Alexa Hart
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465562
Last Updated: 11/07/2020
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