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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mira Lagos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,128
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,998 |
| Loan Amount | $218,995 |
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
-
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
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504258
Last Updated: 01/22/2021
