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4431 Cantrell Street Grand Prairie, TX 75052

4 Beds 3 Baths 2,549 sqft Built 1987

INVESTimate

$314,000

List Price

$2,060

$1,854 - $2,266

Rent Est.

$343,893  ( +9.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $123.19
  • 6 Days on Market
  • MLS # : 14418085
  • Updated Date : 08/24/2020 at 10:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,549 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Associates Of Arlington

Listing Agent's Description

Perfectly situated on a huge manicured lot, this stunning two story home features spacious living areas, a bright kitchen, and sizable bedrooms. The first floor is dominated by gorgeous hardwood flooring, and the expansive family room features tons of natural light boasting two story windows and soaring, vaulted ceilings. Sun-filled, eat-in kitchen is abundant with cabinetry, stainless steel appliances, and charming breakfast nook. New owner will love the generous master bedroom and the large, beautifully updated master bathroom. The secondary bedrooms, a full bath, and a second living area featuring projector and screen are located on the second floor. So much to offer! Make this one yours today!

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

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k336k

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

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9592171

* 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
Colin Powell Elementary School Primary Regular 546 32 9
Ronald W. Reagan Middle School Middle Regular 770 51 7
Dubiski Career High School High Regular 1,486 86 8

Colin Powell Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 32
9
GreatSchools Rating

Ronald W. Reagan Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 51
7
GreatSchools Rating

Dubiski Career High School

  • Education Level: High
  • # of students: 1,486
  • # of teachers: 86
8
GreatSchools Rating
 

$282,600$345,400$314,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,159
Property Tax -$764
Property Insurance -$175
Property Management Fees -$99
CASH FLOW
-$136

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.

$314,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.52%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,960

INVESTMENT

$88,960

Down Payment
$78,500
Rehab Estimate
$5,750
Closing Costs
$4,710

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,159

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,500
Loan Amount $235,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,128

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0504$2,0605$2,200
$2,200
RENT COMPS ANALYSIS
  • 4431 Cantrell Street Grand Prairie, TX 4
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.81
    •  
  • 4321 Baldwin Street Grand Prairie, TX 1
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1985
    property image
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 4318 Clayton Street Grand Prairie, TX 2
    • 3 beds 3 baths ∙ 2,407 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,407 Sqft ∙ Built 1996
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 4210 Wren Court Grand Prairie, TX 3
    • 4 beds 2 baths ∙ 2,407 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,407 Sqft ∙ Built 1998
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 604 Joy Dianne Drive Grand Prairie, TX 5
    • 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,672 Sqft ∙ Built 1999
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Rhonda Reddic
Re/max Associates Of Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418085
Last Updated: 08/24/2020
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