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3976 Holly Hill Drive Grand Prairie, TX 75052

3 Beds 3 Baths 1,991 sqft Built 1995

$289,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $145.61
  • 2 Days on Market
  • MLS # : 14485595
  • Updated Date : 12/12/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,991 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ultra Real Estate Services

Listing Agent's Description

Stunningly updated 2-story, 3 bedroom, 2 living, 2 dining plus flex space greets you with soaring ceiling in formals & beautiful wood staircase. A chef's delight with gorgeous updated kitchen: pristine white soft-close cabinetry & quartz countertops, spectacular waterfall island, SS appliances. Light & bright, recessed lighting highlights the well selected interior paint colors; recent porcelain tile flooring throughout 1st floor. Designer light fixtures. Beautifully updated baths. AC & furnace units only 2 years old. Covered patio and storage shed. Excellent location centrally located to access all new shopping areas & venues. This home has space for everyone and is move-in ready! Schedule a showing today!

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: 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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,070
Property Tax -$706
Property Insurance -$142
Property Management Fees -$99
CASH FLOW
-$127

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.

$289,900

PROJECTED PRICE

$1,890

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8504$1,8905$1,895
$1,895
RENT COMPS ANALYSIS
  • 3976 Holly Hill Drive Grand Prairie, TX 4
    • 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.95
    •  
  • 4348 Sierra Drive Grand Prairie, TX 1
    • 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1990
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 835 Sonora Lane Grand Prairie, TX 2
    • 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1989
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 1127 Cavalcade Drive Grand Prairie, TX 3
    • 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 1994
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 1263 Bold Forbes Drive Grand Prairie, TX 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1995
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
PROPERTY LISTING DETAILS
Diana Hernandez
Ultra Real Estate Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485595
Last Updated: 12/12/2020
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