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4343 Bradford Drive Grapevine, TX 76051

4 Beds 3 Baths 2,398 sqft Built 1989

$407,900

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $170.10
  • 3 Days on Market
  • MLS # : 14512451
  • Updated Date : 02/05/2021 at 17:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,398 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Charming and updated home in excellent location of Glade Crossing! Open floorplan with lots of natural light, neutral colors throughout, 2 large living areas, kitchen features granite countertops, updated SS appliances, updated cabinetry, hardwood floors downstairs and up. Upstairs huge master bedroom with granite counters in master bath. Lots of storage and closet space throughout. Backyard has plenty of room for play and entertaining, saltwater pool with patio area, bonus side yard. Exterior recently painted. Walkability Galore! Minutes to Grapevine Elementary, multiple nearby pocket parks, Bear Creek Park with 14 acre dog park, Glade Park shopping and restaurants. Excellent GCISD. New Fence, AC Units - 2017

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
 

$367,110$448,690$407,900

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,417
Property Tax -$775
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
$243

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.

$407,900

PROJECTED PRICE

$2,700

PROJECTED RENT

0.66%

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$0.0$5.0k$10k$15k$20k

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$113,844

INVESTMENT

$113,844

Down Payment
$101,975
Rehab Estimate
$5,750
Closing Costs
$6,119

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,417

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,975
Loan Amount $305,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$40,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,656

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5954$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 4343 Bradford Drive Grapevine, TX 5
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.13
    •  
  • 1721 Altacrest Drive Grapevine, TX 1
    • 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
    •  
  • 1802 Haydenbend Circle Grapevine, TX 2
    • 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1991
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.12
    •  
  • 5311 Altacrest Court Grapevine, TX 3
    • 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1987
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.10
    •  
  • 605 Ellington Drive Grapevine, TX 4
    • 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 1985
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.20
    •  
PROPERTY LISTING DETAILS
Joe Atwal
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512451
Last Updated: 02/05/2021
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