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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $154.55
- 3 Days on Market
- MLS # : 14477802
- Updated Date : 11/27/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,208 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
DR Horton home with three bedrooms, formal dining space and flex room that would make a great second living area or study. Kitchen has upgraded gas cooktop, wall oven, ss appliances, granite countertops and skylight. Large family room with beautiful built-in is open to the kichen and informal dining area. Master suite is split from other bedrooms. Master bath has lovely stone counter tops, dual sinks, separate tup and shower and large closet. Swing entry garage is oversized so plenty of room for storage and two cars. Backyard has covered patio and large grass area.
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
Zip Code: 75054
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75054
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,259 |
| Property Tax | -$749 | |
| Property Insurance | -$155 | |
| HOA | -$35 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$77
|
||
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.
$341,250
PROJECTED PRICE
$2,220
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$96,181
LOAN DETAILS
$1,259
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,313 |
| Loan Amount | $255,938 |
3.42
YEARS SAVED
$12,063
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,059
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2943 Mere Lane Grand Prairie, TX 5
- 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,220
- $1.01
-
3243 Fluvia Grand Prairie, TX 1
- 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2005
LEASED 07/24/19- Rent
- Rent Per SQFT
- $1,695
- $0.91
-
3223 Yeltes Grand Prairie, TX 2
- 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2005
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,895
- $0.93
-
7339 Gallo Grand Prairie, TX 3
- 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2005
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,895
- $0.92
-
7455 Tormes Grand Prairie, TX 4
- 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2006
LEASED 04/12/20- Rent
- Rent Per SQFT
- $2,000
- $0.97
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477802
Last Updated: 11/27/2020
