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3957 Sword Dancer Way Grand Prairie, TX 75052

4 Beds 3 Baths 2,282 sqft Built 1994

$279,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $122.66
  • 2 Days on Market
  • MLS # : 14475477
  • Updated Date : 11/21/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,282 sqft
  • Baths : 2 full , 1 half
Listing Agent

Carl Azbell

Listing Agent's Description

This very well maintained beautiful home is move-in ready. As you enter you'll see the beautiful and elegant wood floors in the spacious formal living & dining areas. Beautiful staircase. All bedrooms, including a huge master bedroom, on the second floor, make it more private and leave the first floor for entertaining. A large family room with a fireplace perfect for the holidays opens to the kitchen which features beautiful granite countertops, an island, and lots of storage as well as a custom-built pantry. It has a nice huge covered patio perfect for entertaining. Storage shed. Great location close to restaurants and shopping, easy access to I-20.A MUST see. This won't last long! make your appointment today.

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: Country Club Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k270k

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

Neighborhood: Country Club Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9591867

* 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
Whitt Fine Arts Academy Primary Regular 635 38 6
Ronald W. Reagan Middle School Middle Regular 770 51 7
Dubiski Career High School High Regular 1,486 86 8

Whitt Fine Arts Academy

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 38
6
GreatSchools Rating

Ronald W. Reagan Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 51
7
GreatSchools Rating

Dubiski Career High School

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

$251,910$307,890$279,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,033
Property Tax -$681
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
-$142

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,985

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7853$1,8304$2,0505$2,195
$2,195
RENT COMPS ANALYSIS
  • 3957 Sword Dancer Way Grand Prairie, TX 3
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.80
    •  
  • 1322 Ashbrook Drive Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1991
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 717 Sierra Court Grand Prairie, TX 2
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1987
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.84
    •  
  • 4210 Wren Court Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 2,407 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,407 Sqft ∙ Built 1998
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 513 Edgeview Drive Grand Prairie, TX 5
    • 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,324 Sqft ∙ Built 1997
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lidia Villalobos
Carl Azbell
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475477
Last Updated: 11/21/2020
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