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4425 Vineyard Creek Drive Grapevine, TX 76051

4 Beds 3 Baths 3,146 sqft Built 2016

$529,500

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $168.31
  • 1 Days on Market
  • MLS # : 14488936
  • Updated Date : 12/26/2020 at 22:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,146 sqft
  • Baths : 3 full
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Like new 4 bedroom 3 bath home in Grapevine's Vineyard Creek. Beautiful hardwood floors extend throughout the living areas of the downstairs. Open concept w- kitchen, breakfast open to living room w- direct vent fireplace. Gourmet island kitchen w- 42in cabinets, gas cooktop, granite, SS appliances, wood vent hood, large pantry. Downstairs is ideal - master suite w- bay window, second bdrm & bath, office with French doors. Upstairs offers all you want with game room, pre-wired media, 2 bedrooms and bath. Nice architectural touches. Backs to greenbelt with no backyard neighbors! Int & Ext paint '20, all flooring '20. Roof '20. Nicely landscaped. GCISD. Easy access to DFW airport, 121, 360, 183, parks & trails.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
Heritage Middle School Middle Regular 922 51 9
Heritage Middle School High Regular 922 51 9

Grapevine Elementary School

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

Heritage Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating

Heritage Middle School

  • Education Level: High
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating
 

$476,550$582,450$529,500

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$1,954
Property Tax -$1,006
Property Insurance -$202
HOA -$42
Property Management Fees -$99
CASH FLOW
-$202

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.

$529,500

PROJECTED PRICE

$3,100

PROJECTED RENT

0.59%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,068

INVESTMENT

$146,068

Down Payment
$132,375
Rehab Estimate
$5,750
Closing Costs
$7,943

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,954

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,375
Loan Amount $397,125
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$14,533

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $3,108

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$2,9953$3,1004$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 4425 Vineyard Creek Drive Grapevine, TX 3
    • 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,017 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.03
    •  
  • 4113 Parkview Court Bedford, TX 1
    • 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 2002
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.97
    •  
  • 2613 Flameleaf Drive Grapevine, TX 2
    • 4 beds 3 baths ∙ 3,140 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,140 Sqft ∙ Built 1996
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.95
    •  
  • 5053 Heritage Oaks Drive Colleyville, TX 4
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 2010
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.12
    •  
  • 4441 Vineyard Creek Drive Grapevine, TX 5
    • 4 beds 4 baths ∙ 3,152 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,152 Sqft ∙ Built 2015
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Sandy Sutton
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488936
Last Updated: 12/26/2020
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