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2825 Alcot Lane Grand Prairie, TX 75052

4 Beds 2 Baths 2,295 sqft Built 1995

$270,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $117.65
  • 6 Days on Market
  • MLS # : 14474022
  • Updated Date : 11/28/2020 at 16:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,295 sqft
  • Baths : 2 full
Listing Agent

The Property Shop

Listing Agent's Description

MULTIPLE OFFERS!! Beautiful single story Sheffield Village home is conveniently located minutes from shopping, restaurants and lake! This split bedroom floor plan has good size bedrooms perfect for your family, walking distance just a block to the park, bike and jogging trails. Large living area opens to spacious breakfast bar and kitchen with stainless steel appliances and large island for entertaining. Great windows with lots of natural light and nice size backyard for kids to play or pets to run. Formal dining and living area to host holidays party. Roof replaced on 11-20-2020 Don't let this perfect home pass you by, it won't last long! Submit all offers by Monday 30th by 5:00pm

SEE MORE

MARKET HIGHLIGHTS

  • 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: Sheffield Village

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $109k243k

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

Neighborhood: Sheffield Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9591734

* 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
West Elementary School Primary Regular 779 42 6
Barnett Junior High School Middle Regular 893 69 6
Bowie High School High Regular 3,053 194 5

West Elementary School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 42
6
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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$996
Property Tax -$592
Property Insurance -$160
Property Management Fees -$99
CASH FLOW
$43

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$270,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$17,884

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,020

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,9253$1,9904$1,9905$1,995
$1,995
RENT COMPS ANALYSIS
  • 2825 Alcot Lane Grand Prairie, TX 1
    • 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,295 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.82
    •  
  • 4335 Largo Drive Grand Prairie, TX 2
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 1988
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.88
    •  
  • 4515 Brittany Lane Grand Prairie, TX 3
    • 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 1996
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.91
    •  
  • 4551 Whitehall Drive Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,191 Sqft ∙ Built 1996
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.91
    •  
  • 4540 Queenswood Drive Grand Prairie, TX 5
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 1993
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
PROPERTY LISTING DETAILS
Ragini Bhayani
The Property Shop
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474022
Last Updated: 11/28/2020
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