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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mirabella Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
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
-
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
Alicia Trevino International
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477132
Last Updated: 11/28/2020
