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3514 Daisy Lane Grand Prairie, TX 75052

3 Beds 2 Baths 1,586 sqft Built 1993

$250,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $157.63
  • 1 Days on Market
  • MLS # : 14537099
  • Updated Date : 03/21/2021 at 00:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,586 sqft
  • Baths : 2 full
Listing Agent

Front Real Estate Co

Listing Agent's Description

Wow! This is one of the cutest homes I have ever seen! Light, bright and open! Beautiful culdesac lot with a lovely front elevation! Split bedrooms! Vaulted ceiling! Kitchen is fabulous with abundance of cabinet and counterspace! Stainless steel appliances including refrigerator! Wonderful windows and open flowing floorplan! Dining has door to back yard to enjoy morning coffee! Back yard is an oasis with a sparkling pool, room to play and covered patio! This home is great for the private family circle or entertaining with friends. Owner's retreat is spacious and separate from the other bedrooms! Secondary bedrooms are of good size and conveniently located to a full bath. Lovingly maintained by current owners!

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: Forum Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k258k

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

Neighborhood: Forum Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451887

* 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
Barnett Junior High School Middle Regular 893 69 6
Bowie High School High Regular 3,053 194 5
Barnett Junior High School Middle Unknown NA

Barnett Junior High School

  • Education Level: Middle
  • # of students: 893
  • # of teachers: 69
6
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 3,053
  • # of teachers: 194
5
GreatSchools Rating

Barnett Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$868
Property Tax -$549
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
-$25

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.

$250,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,534

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6953$1,7004$1,7305$1,775
$1,775
RENT COMPS ANALYSIS
  • 3514 Daisy Lane Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.02
    •  
  • 2918 Hollow Oak Drive Grand Prairie, TX 2
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1996
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 2223 Pennington Drive Arlington, TX 3
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1980
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 2226 Pennington Drive Arlington, TX 4
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1981
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.97
    •  
  • 3305 Galaway Bay Drive Grand Prairie, TX 5
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1996
    LEASED 03/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.99
    •  
PROPERTY LISTING DETAILS
Phyllis Hunter
Front Real Estate Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537099
Last Updated: 03/21/2021
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