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3613 Haystack Drive Grand Prairie, TX 75052

4 Beds 2 Baths 1,704 sqft Built 1981

$232,500

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $136.44
  • 3 Days on Market
  • MLS # : 14506788
  • Updated Date : 01/29/2021 at 10:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,704 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

This home is absolutely adorable!!! The spacious floorplan features a generous living area that opens to the large backyard. Beautifully updated eat in kitchen features 42 inch cabinets, granite counter tops, under mount stainless steel sink, and deep cabinet drawers. It boasts four ample sized bedrooms with plenty of closet space. No HOA! Located in south Grand Prairie, this gem is convenient to I-20, the Bush Toll (161), shopping and dining options. Please review floorplan for specific room sizes.

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: Parkway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Parkway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8721734

* 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
Lorenzo De Zavala Environmental Science Academy Primary Regular 887 53 6
Andrew Jackson Middle School Middle Regular 1,128 68 6
Dubiski Career High School High Regular 1,486 86 8

Lorenzo De Zavala Environmental Science Academy

  • Education Level: Primary
  • # of students: 887
  • # of teachers: 53
6
GreatSchools Rating

Andrew Jackson Middle School

  • Education Level: Middle
  • # of students: 1,128
  • # of teachers: 68
6
GreatSchools Rating

Dubiski Career High School

  • Education Level: High
  • # of students: 1,486
  • # of teachers: 86
8
GreatSchools Rating
 

$209,250$255,750$232,500

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$808
Property Tax -$566
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
$62

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.

$232,500

PROJECTED PRICE

$1,660

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,363

INVESTMENT

$67,363

Down Payment
$58,125
Rehab Estimate
$5,750
Closing Costs
$3,488

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$808

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,125
Loan Amount $174,375
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$13,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,678

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6603$1,7504$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 3613 Haystack Drive Grand Prairie, TX 2
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.97
    •  
  • 3606 Pinoak Drive Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1977
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 3614 Hummingbird Drive Grand Prairie, TX 3
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1981
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 762 Pinoak Drive Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,849 Sqft ∙ Built 1974
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 3306 Wuthering Circle Grand Prairie, TX 5
    • 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,858 Sqft ∙ Built 1987
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lisa Carroll
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506788
Last Updated: 01/29/2021
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