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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $131.79
- 4 Days on Market
- MLS # : 14491862
- Updated Date : 01/08/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,859 sqft
- Baths : 2 full , 1 half
Listing Agent
Legacy Team Realty
Listing Agent's Description
MULTIPLE offers received, please send best and final offers on sat the 9th by 6:00 pm. Beautifully updated ready to move in home Featuring bright & open floor plan with High ceilings & large windows to let in plenty of natural light. New flooring throughout the house.LR has floor to ceiling brick fireplace open to formal dining area.Kitchen has been updated with new cabinets, new SS appliances, granite countertops and tiled backsplash open to spacious casual dining with access to backyard covered patio.Bathrooms have granite counter tops and custom tiling in wet areas. walking distance to playground and Fish creek walking trails. Close to major highways.2020 Roof, Foundation repaired 2020, AC replaced 2020.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Sheffield Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sheffield Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$538 | |
| Property Insurance | -$135 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$48
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$245,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
5.33
YEARS SAVED
$13,990
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,664
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
4349 Walsh Lane Grand Prairie, TX 3
- 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,670
- $0.90
-
4330 Largo Drive Grand Prairie, TX 1
- 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 1988
![property image]()
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,550
- $0.85
-
2751 Scarborough Drive Grand Prairie, TX 2
- 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1997
![property image]()
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.94
-
4369 Hemingway Drive Grand Prairie, TX 4
- 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 1985
![property image]()
LEASED 10/29/20- Rent
- Rent Per SQFT
- $1,750
- $0.88
-
4205 Endicott Drive Grand Prairie, TX 5
- 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 1985
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,825
- $0.91
PROPERTY LISTING DETAILS
Legacy Team Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491862
Last Updated: 01/08/2021
