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3112 Teodoro Drive Grand Prairie, TX 75052

3 Beds 3 Baths 3,261 sqft Built 2001

$280,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $85.86
  • 5 Days on Market
  • MLS # : 14477132
  • Updated Date : 11/28/2020 at 11:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,261 sqft
  • Baths : 2 full , 1 half
Listing Agent

Alicia Trevino International

Listing Agent's Description

MansfieldISD and great location with over 3200sf for it all. Well maintained one owner home offers 3 bedrooms, 2.5 baths and LOTS of living space! Features to love are wood floors installed downstairs, 2 large LA , WBFP in family room, guest powder and so much storage space. Open huge kitchen, plenty of counters, cabinets and cool sensored sink faucet. The best laundry room, 2 pantries and nice breakfast area! Upstairs you have an open landing space, gameroom, all rooms have WIC ! Primary suite fits Kingsize best and Primary bath room suite has double sinks, separate tub , shower and you have 2 large walk in closets! Your options are endless here. Convenient to 360, Joe Pool Lake and Mansfield!

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: Mirabella Village

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $109k243k

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

Neighborhood: Mirabella Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9591858

* 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
Louise Cabaniss Elementary School Primary Regular 588 38 9
James Coble Middle School Middle Regular 884 55 7
Mansfield Timberview High School High Regular 1,657 94 5

Louise Cabaniss Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 38
9
GreatSchools Rating

James Coble Middle School

  • Education Level: Middle
  • # of students: 884
  • # of teachers: 55
7
GreatSchools Rating

Mansfield Timberview High School

  • Education Level: High
  • # of students: 1,657
  • # of teachers: 94
5
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,033
Property Tax -$614
Property Insurance -$216
Property Management Fees -$99
CASH FLOW
$138

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.

$280,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 13.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$27,154

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,152

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0403$2,1004$2,1255$2,400
$2,400
RENT COMPS ANALYSIS
  • 3112 Teodoro Drive Grand Prairie, TX 3
    • 3 beds 3 baths ∙ 3,261 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,261 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.64
    •  
  • 1919 Tampa Bay Way Arlington, TX 1
    • 4 beds 3 baths ∙ 3,276 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,276 Sqft ∙ Built 2000
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.58
    •  
  • 3128 Teodoro Drive Grand Prairie, TX 2
    • 4 beds 3 baths ∙ 3,183 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,183 Sqft ∙ Built 2001
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.64
    •  
  • 3040 Clemente Drive Grand Prairie, TX 4
    • 4 beds 3 baths ∙ 3,195 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,195 Sqft ∙ Built 2002
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.67
    •  
  • 3035 Cesareo Drive Grand Prairie, TX 5
    • 4 beds 3 baths ∙ 3,202 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,202 Sqft ∙ Built 2001
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
PROPERTY LISTING DETAILS
Sonia Vasquez
Alicia Trevino International
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477132
Last Updated: 11/28/2020
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