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301 Valentino Way Grand Prairie, TX 75052

4 Beds 3 Baths 3,229 sqft Built 2016

$429,900

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $133.14
  • 4 Days on Market
  • MLS # : 14535781
  • Updated Date : 03/19/2021 at 17:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,229 sqft
  • Baths : 3 full
Listing Agent

Vivo Realty

Listing Agent's Description

An amazing home near shopping, restaurants, hospitals and Joe Pool Lake yet tucked in a quiet subdivision. The home allows entertaining family and friends a delight. The lot is over .25 of an acre it allows outdoor activities on the oversized backyard and swimming hot tub to be enjoyed. The media's surround sound allows movie and sporting event watching to be enhanced. Wood floors in the formal dining and living area. The executive study has a sauna in the office. The kitchen overlooks the backyard and provides SS appliances along with granite counters, breakfast bar, Island, walk in pantry and is surrounded by cabinets. The second bedroom downstairs allows this home to be multi-gen home.

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

Zip Code: 75052

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $109k243k

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

Zip Code: 75052

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9591761

* 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
Colin Powell Elementary School Primary Regular 546 32 9
Ronald W. Reagan Middle School Middle Regular 770 51 7
Dubiski Career High School High Regular 1,486 86 8

Colin Powell Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 32
9
GreatSchools Rating

Ronald W. Reagan Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 51
7
GreatSchools Rating

Dubiski Career High School

  • Education Level: High
  • # of students: 1,486
  • # of teachers: 86
8
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,493
Property Tax -$1,047
Property Insurance -$214
HOA -$38
Property Management Fees -$99
CASH FLOW
-$510

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.

$429,900

PROJECTED PRICE

$2,380

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$72

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,365

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1953$2,3804$2,4955$2,800
$2,800
RENT COMPS ANALYSIS
  • 301 Valentino Way Grand Prairie, TX 3
    • 4 beds 3 baths ∙ 3,229 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,229 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.74
    •  
  • 318 Swallowtail Court Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 2,974 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,974 Sqft ∙ Built 2001
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.70
    •  
  • 4427 Malvern Hill Road Grand Prairie, TX 2
    • 5 beds 3 baths ∙ 2,979 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,979 Sqft ∙ Built 1999
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.74
    •  
  • 549 Edgeview Drive Grand Prairie, TX 4
    • 4 beds 4 baths ∙ 3,500 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,500 Sqft ∙ Built 1997
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.71
    •  
  • 644 Jutland Drive Grand Prairie, TX 5
    • 4 beds 4 baths ∙ 3,577 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,577 Sqft ∙ Built 2010
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
PROPERTY LISTING DETAILS
Alfonso Gonzalez
Vivo Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535781
Last Updated: 03/19/2021
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