Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4375 Eastwoods Grapevine, TX 76051

4 Beds 3 Baths 3,073 sqft Built 2017

$739,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $240.48
  • 4 Days on Market
  • MLS # : 14513082
  • Updated Date : 02/04/2021 at 19:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,073 sqft
  • Baths : 3 full
Listing Agent

Connect Realty.com, Inc.

Listing Agent's Description

Beautiful Custom home with tons of upgrade standard, Super energy efficient , Radiant barrier on roof, Tankless water heater, Energy efficient lighting and windows, Foam Insulation R45 Ceilings R18 Walls, hardwood floors throughout the house except for bedrooms and bathrooms, Granite counter tops with tile back splash, 60in built in stainless steel freezer refrigerator, GE cafe 6 burner cook top, GE Double Oven, Upgraded Lighting, wood burning fire place, out door kitchen, 14 pitch roof, Beamed cathedral ceilings, 4 car over sized garage. Lighting Rods, Entire Home wired for Automation with video and audio distribution, Plantation Shutter in every room, Outdoor Dog Shower with (Hot & Cold Water) at Back patio

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

Zip Code: 76051

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k374k

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

Zip Code: 76051

ZipNIR 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
 

$665,100$812,900$739,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,567
Property Tax -$1,404
Property Insurance -$205
HOA -$63
Property Management Fees -$99
CASH FLOW
-$1,557

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.

$739,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.38%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,567

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$92

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,488

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$3,2003$3,4004$3,5005$3,750
$3,750
RENT COMPS ANALYSIS
  • 4375 Eastwoods Grapevine, TX 1
    • 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.90
    •  
  • 5053 Heritage Oaks Drive Colleyville, TX 2
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2010
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.12
    •  
  • 4441 Vineyard Creek Drive Grapevine, TX 3
    • 4 beds 4 baths ∙ 3,152 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,152 Sqft ∙ Built 2015
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.08
    •  
  • 3764 Shumard Oak Lane Colleyville, TX 4
    • 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,980 Sqft ∙ Built 2009
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.17
    •  
  • 1711 Wildflower Trail Grapevine, TX 5
    • 4 beds 4 baths ∙ 3,196 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,196 Sqft ∙ Built 2002
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.17
    •  
PROPERTY LISTING DETAILS
Richard Gregory
Connect Realty.com, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513082
Last Updated: 02/04/2021
BESbswy