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3244 Guadaloupe Grand Prairie, TX 75054

3 Beds 2 Baths 1,822 sqft Built 2005

$291,993

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $160.26
  • 4 Days on Market
  • MLS # : 14504258
  • Updated Date : 01/22/2021 at 07:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,822 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautifully updated light bright open floor plan home in Mansfield ISD. Kitchen has large island with walk in pantry, and plenty of storage. Large family room to get cozy in and enjoy updated fireplace. Large master suite, with updated bathroom and large walk-in closet. This home has been very well maintained, and show's pride of ownership. Sit outback under the covered patio and relax in the evenings. Hurry this home won't last.

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: Mira Lagos

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k377k

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

Neighborhood: Mira Lagos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9592519

* 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
Cora Spencer Elementary School Primary Regular 739 43 10
Danny Jones Middle School Middle Regular 843 51 9
Mansfield Lake Ridge High School High Unknown 2,085 113 NA

Cora Spencer Elementary School

  • Education Level: Primary
  • # of students: 739
  • # of teachers: 43
10
GreatSchools Rating

Danny Jones Middle School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 51
9
GreatSchools Rating

Mansfield Lake Ridge High School

  • Education Level: High
  • # of students: 2,085
  • # of teachers: 113
NA
GreatSchools Rating
 

$262,794$321,192$291,993

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,014
Property Tax -$641
Property Insurance -$133
HOA -$47
Property Management Fees -$99
CASH FLOW
-$213

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.

$291,993

PROJECTED PRICE

$1,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,128

INVESTMENT

$83,128

Down Payment
$72,998
Rehab Estimate
$5,750
Closing Costs
$4,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,998
Loan Amount $218,995
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,726

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7503$1,8954$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 3244 Guadaloupe Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.94
    •  
  • 7476 Tinto Grand Prairie, TX 2
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 2006
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
  • 3223 Yeltes Grand Prairie, TX 3
    • 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2005
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
  • 7339 Gallo Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2005
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 3168 Guadaloupe Grand Prairie, TX 5
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2006
    LEASED 08/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
PROPERTY LISTING DETAILS
Merrily Brumley
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504258
Last Updated: 01/22/2021
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