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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $114.00
- 2 Days on Market
- MLS # : 14485417
- Updated Date : 12/12/2020 at 17:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,851 sqft
- Baths : 2 full , 1 half
Listing Agent
Premier Realty
Listing Agent's Description
Don't miss this custom home with 3 bedrooms 2.5 baths, two living areas, separate dining and study. Along with high-end finshouts through out the home, the location provides easy access to shopping, dining and major highways making your commute a breeze . Don't miss this custom home with high end finish-outs throughout.
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: Grand Prairie Prize Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grand Prairie Prize Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$791 | |
| Property Insurance | -$192 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$331
|
||
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.
$325,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
0.42
YEARS SAVED
$503
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,053
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
314 Malero Drive Grand Prairie, TX 3
- 3 beds 3 baths ∙ 2,851 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,851 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $1,950
- $0.68
-
1306 Pigeon Court Dallas, TX 1
- 3 beds 3 baths ∙ 3,055 Sqft ∙ Built 2008 3 beds 3 baths ∙ 3,055 Sqft ∙ Built 2008
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,895
- $0.62
-
1415 Se 4th Street Grand Prairie, TX 2
- 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2004
![property image]()
LEASED 10/10/19- Rent
- Rent Per SQFT
- $1,945
- $0.76
-
1032 Valley Brook Lane Grand Prairie, TX 4
- 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2004
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,995
- $0.78
PROPERTY LISTING DETAILS
Premier Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485417
Last Updated: 12/12/2020
