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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $118.13
- 5 Days on Market
- MLS # : 14476885
- Updated Date : 11/25/2020 at 15:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,201 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
This beautiful home has NEW PAINT, NEW CARPET, BRAND NEW APPLIANCES & is Move in Ready! The large living room with fireplace is perfect for getting cozy, enjoying & entertaining family & friends. The kitchen with new stainless steel appliances & granite counter tops is a must have! The ensuite bath in the master bed entailes his her sides & allows for a get away spot in the house for some relaxing self care time. Need extra space? This home has it with extra rooms upstairs and a large backyard ideal for family & or simply enjoying your favorite beverage on the patio! HURRY schedule a showing for your future home today while it lasts!!
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: Wallingford Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wallingford Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$633 | |
| Property Insurance | -$154 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$96
|
||
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.
$260,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.6% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
2.42
YEARS SAVED
$5,793
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,882
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
3345 Willouby Drive Grand Prairie, TX 2
- 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,750
- $0.80
-
2032 Hopi Trail Grand Prairie, TX 1
- 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2005
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,700
- $0.83
-
3045 Meadowbrook Drive Grand Prairie, TX 3
- 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2003
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
3045 Elmbrook Drive Grand Prairie, TX 4
- 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2001
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.89
-
2028 Kalgary Lane Grand Prairie, TX 5
- 4 beds 2 baths ∙ 2,197 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,197 Sqft ∙ Built 2005
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,900
- $0.86
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476885
Last Updated: 11/25/2020
