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306 E Crossland Boulevard Grand Prairie, TX 75052

4 Beds 3 Baths 2,272 sqft Built 1982

$284,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $125.40
  • 1 Days on Market
  • MLS # : 14532655
  • Updated Date : 03/13/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,272 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rendon Realty, Llc

Listing Agent's Description

Beautiful move in ready four bedroom home with 2.5 baths. Open floor plan that includes two living and two dining. Living room features built in shelves and brick fireplace. Kitchen with lots of cabinet space, island, built in desk , wine rack and wet bar. Huge master bedroom separate from other bedrooms with it's own patio door. Master bath with his and her sinks and closets, separate tub and shower. Big backyard with small storage. Sunroom leading out to backyard patio. Ceramic flooring throughout the home, no carpet. Walking distance to the neighborhood park. Sprinkler system.

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: Glen Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $101k336k

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

Neighborhood: Glen Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9222171

* 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
Lorenzo De Zavala Environmental Science Academy Primary Regular 887 53 6
Andrew Jackson Middle School Middle Regular 1,128 68 6
Dubiski Career High School High Regular 1,486 86 8

Lorenzo De Zavala Environmental Science Academy

  • Education Level: Primary
  • # of students: 887
  • # of teachers: 53
6
GreatSchools Rating

Andrew Jackson Middle School

  • Education Level: Middle
  • # of students: 1,128
  • # of teachers: 68
6
GreatSchools Rating

Dubiski Career High School

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

$256,410$313,390$284,900

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 -$990
Property Tax -$694
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
-$51

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.

$284,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

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$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,035

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
  • $0.83

    LIST RENT PER SQFT
  • $1,994

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8953$1,9954$2,0505$2,195
$2,195
RENT COMPS ANALYSIS
  • 306 E Crossland Boulevard Grand Prairie, TX 1
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.83
    •  
  • 108 Mary Pat Drive Grand Prairie, TX 2
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 4308 Rebecca Court Grand Prairie, TX 3
    • 4 beds 2 baths ∙ 2,316 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,316 Sqft ∙ Built 1999
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 4210 Wren Court Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 2,407 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,407 Sqft ∙ Built 1998
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 513 Edgeview Drive Grand Prairie, TX 5
    • 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 1997
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
PROPERTY LISTING DETAILS
Veronica Barrientos
Rendon Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532655
Last Updated: 03/13/2021
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