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3207 Koscher Drive Grand Prairie, TX 75104

4 Beds 3 Baths 3,001 sqft Built 2021

$429,990

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $143.28
  • 1 Days on Market
  • MLS # : 14478191
  • Updated Date : 11/28/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,001 sqft
  • Baths : 3 full
Listing Agent

Re/max Elite

Listing Agent's Description

This amazing secluded neighborhood near Joe Pool Lake has only a few opportunities to build your luxury dream home. Your home has over a half acre of outdoor living space. A covered back patio with a view of your even larger than the over half acre you own, for you to create your outdoor living space. 20 minutes to Fort Worth, 10 minutes to Dallas. Flex room could be made into a magnificent office. The formal living room open to the kitchen, welcoming the whole family into the warmth of life in your new home. You have the option to add a media room. A beautiful game room or second living room upstairs with the 2nd and 3rd and 4th bedrooms. Even a 5th bedroom can be built. Excludes: House need to be built

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

Zip Code: 75104

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $109k243k

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

Zip Code: 75104

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9591740

* 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
Lake Ridge Elementary School Primary Regular 397 23 5
Permenter Middle School Middle Regular 632 39 4
Permenter Middle School High Regular 632 39 4

Lake Ridge Elementary School

  • Education Level: Primary
  • # of students: 397
  • # of teachers: 23
5
GreatSchools Rating

Permenter Middle School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating

Permenter Middle School

  • Education Level: High
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating
 

$386,991$472,989$429,990

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,586
Property Tax -$1,047
Property Insurance -$201
HOA -$71
Property Management Fees -$99
CASH FLOW
-$1,344

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$429,990

PROJECTED PRICE

$1,660

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 3.00%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,947

INVESTMENT

$115,947

Down Payment
$107,498
Rehab Estimate
$2,000
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,498
Loan Amount $322,493
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$4,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $2,498

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$2,2503$2,5954$2,6955$3,000
$3,000
RENT COMPS ANALYSIS
  • 3207 Koscher Drive Grand Prairie, TX 1
    • 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.55
    •  
  • 3201 Fluvia Grand Prairie, TX 2
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2006
    property image
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 3 Saddlewood Court Mansfield, TX 3
    • 5 beds 3 baths ∙ 3,298 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,298 Sqft ∙ Built 2003
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.79
    •  
  • 2944 Wood Lake Trail Grand Prairie, TX 4
    • 4 beds 4 baths ∙ 3,275 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,275 Sqft ∙ Built 2015
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.82
    •  
  • 2901 Emerald Sound Drive Cedar Hill, TX 5
    • 5 beds 3 baths ∙ 3,256 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,256 Sqft ∙ Built 2001
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.92
    •  
PROPERTY LISTING DETAILS
Lucinda Gadson
Re/max Elite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478191
Last Updated: 11/28/2020
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