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4165 Harvest Gln Grapevine, TX 76051

4 Beds 3 Baths 3,018 sqft Built 1989

$464,900

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $154.04
  • 3 Days on Market
  • MLS # : 14529835
  • Updated Date : 03/13/2021 at 11:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,018 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Perfectly nestled in a quiet cul-de-sac, this traditional beauty has so much to offer! No street traffic allows for relaxing in both the front and back yards. This home boasts three living areas, including an upstairs game room, extensive wood-look tile, a huge kitchen and generously-sized bedrooms. The downstairs owner's retreat features a sitting area and jetted tub. Preparing meals won't be a chore in this kitchen, as it has tons of granite countertops, a center island, double ovens, and has views of the back yard offering natural lighting. Convenient access to highly desirable schools, highways, and new shopping areas, plus close to all of Grapevine's historic charm, lake and festivals. Welcome home!

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: Countryside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k379k

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

Neighborhood: Countryside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262712

* 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
 

$418,410$511,390$464,900

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$1,615
Property Tax -$883
Property Insurance -$202
Property Management Fees -$99
CASH FLOW
$11

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.

$464,900

PROJECTED PRICE

$2,810

PROJECTED RENT

0.60%

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$128,949

INVESTMENT

$128,949

Down Payment
$116,225
Rehab Estimate
$5,750
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$21,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,792

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6003$2,8104$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 4165 Harvest Gln Grapevine, TX 3
    • 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $0.93
    •  
  • 3333 Moss Creek Drive Grapevine, TX 1
    • 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 1990
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.87
    •  
  • 3541 Hightimber Drive Grapevine, TX 2
    • 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 1984
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 2613 Flameleaf Drive Grapevine, TX 4
    • 4 beds 3 baths ∙ 3,140 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,140 Sqft ∙ Built 1996
    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
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
PROPERTY LISTING DETAILS
Stephanie Turner
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529835
Last Updated: 03/13/2021
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