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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkway Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,363
LOAN DETAILS
$808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,125 |
| Loan Amount | $174,375 |
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
-
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
Jp & Associates Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14506788
Last Updated: 01/29/2021
