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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $182.76
- 1 Days on Market
- MLS # : 14528271
- Updated Date : 03/06/2021 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,210 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
Nestled on an oversized corner lot in Glade Crossing with 3 bedrooms and 2.1 bathrooms! Interior home has been completely repainted and offers new carpet. The cheerful kitchen features white cabinetry, granite counters and wonderful windows that let the natural light filter in. Family sized living room boasts towering ceilings, wood type flooring and a wood burning fireplace. The dining room offers beautiful views of the backyard and crystal blue pool through the charming bay window. Retreat and relax in the private primary bedroom with ensuite bathroom that features dual sinks, deep soaking tub and large walkin closet. Easily accessible to Hwy 360 and 121, shopping and dining.
SEE MORE
- 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: Glade Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glade Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,403 |
| Property Tax | -$768 | |
| Property Insurance | -$155 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$14
|
||
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.
$403,900
PROJECTED PRICE
$2,410
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$112,784
LOAN DETAILS
$1,403
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,975 |
| Loan Amount | $302,925 |
4.42
YEARS SAVED
$17,579
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,276
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
4321 Bradford Drive Grapevine, TX 5
- 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,410
- $1.09
-
4321 Greenwood Lane Grapevine, TX 1
- 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 1991
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,095
- $0.99
-
4312 Kenwood Drive Grapevine, TX 2
- 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 1986
LEASED 09/22/20- Rent
- Rent Per SQFT
- $2,250
- $1.04
-
209 Crepe Myrtle Drive Euless, TX 3
- 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003
LEASED 05/13/20- Rent
- Rent Per SQFT
- $2,295
- $1.08
-
1721 Altacrest Drive Grapevine, TX 4
- 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1991
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,350
- $1.01
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14528271
Last Updated: 03/06/2021
