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3532 Tamarack Drive Grand Prairie, TX 75052

4 Beds 3 Baths 2,767 sqft Built 2000

$320,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $115.65
  • 2 Days on Market
  • MLS # : 14471074
  • Updated Date : 11/14/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,767 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pure Realtors

Listing Agent's Description

LOVELY SPACIOUS family home located in Cimarron Estates and within Arlington ISD. Home boasts a formal living and dining spaces that can be utilized in several ways. Large living area features a corner, wood burning fireplace and is open to the kitchen and eat in areas. Upstairs includes a 20x14 game room or media room. Master bedroom features walk in closet and ensuite with dual sinks. Backyard provides an abundance of space for the kids and dogs. Outside INSULATED Shop is versitile for work out room, office, storage, workshop, gameroom, man cave, etc.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Cimmaron Estates Grand Prairie

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Cimmaron Estates Grand Prairie

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451848

* 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
Farrell Elementary School Primary Regular 763 45 5
Barnett Junior High School Middle Regular 893 69 6
Bowie High School High Regular 3,053 194 5

Farrell Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 45
5
GreatSchools Rating

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,181
Property Tax -$702
Property Insurance -$187
HOA -$16
Property Management Fees -$99
CASH FLOW
-$235

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.

$320,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.7%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,965

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9994$2,175
$2,175
RENT COMPS ANALYSIS
  • 3532 Tamarack Drive Grand Prairie, TX 2
    • 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,767 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 2467 Wayne Way Grand Prairie, TX 1
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2002
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 3149 Pine Valley Drive Grand Prairie, TX 3
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 1998
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.68
    •  
  • 3513 Canyon Road Grand Prairie, TX 4
    • 5 beds 3 baths ∙ 3,113 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,113 Sqft ∙ Built 2000
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.70
    •  
PROPERTY LISTING DETAILS
Sergio Rodriguez
Pure Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471074
Last Updated: 11/14/2020
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