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4142 Heartstone Drive Grapevine, TX 76051

4 Beds 3 Baths 3,260 sqft Built 1985

$439,900

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $134.94
  • 4 Days on Market
  • MLS # : 14492666
  • Updated Date : 12/31/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,260 sqft
  • Baths : 2 full , 1 half
Listing Agent

Tng Realty

Listing Agent's Description

Updated kitchen including granite counter tops and island, tumbled marble backsplash, undermount double sink, spray faucet, light fixture, appliances and paint. Lots more recent updating throughout including paint and bathrooms! This immaculate home is in a sought-after neighborhood with exemplary schools. It features large bedrooms, a family room open to the kitchen, large second living area and a spacious back yard with mature trees.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Countryside East

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k379k

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

Neighborhood: Countryside East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262682

* 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
O C Taylor Elementary School Primary Regular 450 30 10
Colleyville Middle School Middle Regular 725 40 9
Colleyville Heritage High School High Regular 2,222 135 8

O C Taylor Elementary School

  • Education Level: Primary
  • # of students: 450
  • # of teachers: 30
10
GreatSchools Rating

Colleyville Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 40
9
GreatSchools Rating

Colleyville Heritage High School

  • Education Level: High
  • # of students: 2,222
  • # of teachers: 135
8
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,623
Property Tax -$836
Property Insurance -$216
Property Management Fees -$99
CASH FLOW
-$4

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.

$439,900

PROJECTED PRICE

$2,770

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$24,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,032

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,725
1$2,7252$2,7703$2,8954$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 4142 Heartstone Drive Grapevine, TX 2
    • 4 beds 3 baths ∙ 3,260 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,260 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.85
    •  
  • 1920 Fair Field Drive Grapevine, TX 1
    • 4 beds 4 baths ∙ 2,995 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,995 Sqft ∙ Built 1995
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $0.91
    •  
  • 2440 Brittany Lane Grapevine, TX 3
    • 4 beds 4 baths ∙ 3,037 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,037 Sqft ∙ Built 1994
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.95
    •  
  • 2613 Flameleaf Drive Grapevine, TX 4
    • 4 beds 3 baths ∙ 3,140 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,140 Sqft ∙ Built 1996
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.95
    •  
  • 4134 Harvestwood Drive Grapevine, TX 5
    • 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1988
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cindy Ton
Tng Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492666
Last Updated: 12/31/2020
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