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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $167.12
- 2 Days on Market
- MLS # : 14471573
- Updated Date : 11/14/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,363 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty, Llc
Listing Agent's Description
Gorgeous updated home on a cul-de-sac lot in Grapevine. Laminate floors on the first floor. Open concept with 2 living, 2 dining and kitchen down. Perfect for entertaining. Master down with updated master bath. Kitchen with subway tile backsplash and butcher block counters. New cooktop. Upstairs is 2 large bedrooms and a full bath. Backyard is low maintenance and a blank canvas. New carpet and replacements for fogged windows already ordred and to be installed beginning of December
SEE MORE
- . 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: Creekwood West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekwood West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$750 | |
| Property Insurance | -$164 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$20
|
||
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.
$394,900
PROJECTED PRICE
$2,490
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$110,399
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,725 |
| Loan Amount | $296,175 |
5.08
YEARS SAVED
$24,345
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,523
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
3056 Creekview Drive Grapevine, TX 5
- 3 beds 3 baths ∙ 2,363 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,363 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $2,490
- $1.05
-
2941 Columbine Drive Grapevine, TX 1
- 3 beds 2 baths ∙ 2,065 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,065 Sqft ∙ Built 1977
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $2,175
- $1.05
-
2834 Creekwood Drive Grapevine, TX 2
- 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1983
![property image]()
LEASED 11/09/19- Rent
- Rent Per SQFT
- $2,200
- $1.03
-
3509 Edgehill Street Grapevine, TX 3
- 4 beds 4 baths ∙ 2,167 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,167 Sqft ∙ Built 1988
![property image]()
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,300
- $1.06
-
2911 Ridgewood Drive Grapevine, TX 4
- 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,120 Sqft ∙ Built 1978
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,400
- $1.13
PROPERTY LISTING DETAILS
Exp Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471573
Last Updated: 11/14/2020
