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4321 Bradford Drive Grapevine, TX 76051

3 Beds 3 Baths 2,210 sqft Built 1986

$403,900

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
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

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: Glade Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k374k

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

Neighborhood: Glade Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262539

* 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
Grapevine Elementary School Primary Regular 531 34 9
Colleyville Heritage High School High Regular 2,222 135 8
Colleyville Heritage High School High Unknown NA

Grapevine Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 34
9
GreatSchools Rating

Colleyville Heritage High School

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

Colleyville Heritage High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$363,510$444,290$403,900

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

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

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$112,784

INVESTMENT

$112,784

Down Payment
$100,975
Rehab Estimate
$5,750
Closing Costs
$6,059

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,403

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,975
Loan Amount $302,925
See What Happens When You Reinvest Cash Flow

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
$2,095
1$2,0952$2,2503$2,2954$2,3505$2,410
$2,410
RENT COMPS ANALYSIS
  • 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
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528271
Last Updated: 03/06/2021
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