Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $166.56
- 2 Days on Market
- MLS # : 14509357
- Updated Date : 01/30/2021 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,501 sqft
- Baths : 2 full
Listing Agent
Opendoor Brokerage, Llc
Listing Agent's Description
This Grand Prairie one-story home offers a patio, and a two-car garage. This home is vacant and cleaned regularly.
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: Westchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$609 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$70
|
||
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.
$250,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
2.92
YEARS SAVED
$5,905
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,456
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
4309 Hudson Avenue Grand Prairie, TX 1
- 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,620
- $1.08
-
601 Raywood Drive Grand Prairie, TX 2
- 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1979
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,625
- $0.94
-
4528 Fargo Drive Grand Prairie, TX 3
- 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1990
LEASED 09/26/20- Rent
- Rent Per SQFT
- $1,700
- $0.99
-
1116 Secretariat Drive Grand Prairie, TX 4
- 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1995
LEASED 01/05/21- Rent
- Rent Per SQFT
- $1,750
- $0.98
-
410 Hampton Circle Grand Prairie, TX 5
- 3 beds 3 baths ∙ 1,824 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,824 Sqft ∙ Built 1998
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,775
- $0.97
PROPERTY LISTING DETAILS
Opendoor Brokerage, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509357
Last Updated: 01/30/2021
