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4349 Walsh Lane Grand Prairie, TX 75052

3 Beds 3 Baths 1,859 sqft Built 1988

$245,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $109k243k

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

Neighborhood: Sheffield Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9591734

* 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
Starrett Elementary School Primary Regular 676 36 4
Barnett Junior High School Middle Regular 893 69 6
Bowie High School High Regular 3,053 194 5

Starrett Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 36
4
GreatSchools Rating

Barnett Junior High School

  • Education Level: Middle
  • # of students: 893
  • # of teachers: 69
6
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 3,053
  • # of teachers: 194
5
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

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
$1,550
1$1,5502$1,6003$1,6704$1,7505$1,825
$1,825
RENT COMPS ANALYSIS
  • 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
Nazila Farzaneh
Legacy Team Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491862
Last Updated: 01/08/2021
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