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452 Jones Grapevine, TX 76051

3 Beds 3 Baths 2,393 sqft Built 2021

$635,900

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $265.73
  • 2 Days on Market
  • MLS # : 14518497
  • Updated Date : 02/13/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,393 sqft
  • Baths : 2 full , 1 half
Listing Agent

Heritage Homes Realty

Listing Agent's Description

Gorgeous Modern Farmhouse presented by Graham Hart Home Builder. Walking distance to Grapevine's Historic District and Grapevine Main Street. Fabulous design with all the modern touches. 3 Bedrooms, 2.5 baths including a large gameroom. Open Great Room and Kitchen with stainless steel appliances. The luxurious Owner's retreat provides a spa like feel with a stand alone tub, large walk in shower, and LED back lit mirrors. Our Brilliant Smart Home Technology is cutting edge. Designer lighting and plumbing fixtures. Plus all important energy efficient features.

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

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$572,310$699,490$635,900

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,209
Property Tax -$1,208
Property Insurance -$165
Property Management Fees -$99
CASH FLOW
-$502

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$635,900

PROJECTED PRICE

$3,180

PROJECTED RENT

0.50%

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) 3.00%
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-$10k-$5.0k$0.0$5.0k$10k

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$170,514

INVESTMENT

$170,514

Down Payment
$158,975
Rehab Estimate
$2,000
Closing Costs
$9,539

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,209

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,975
Loan Amount $476,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $3,175

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,1803$3,2504$3,300
$3,300
RENT COMPS ANALYSIS
  • 452 Jones Grapevine, TX 2
    • 3 beds 3 baths ∙ 2,393 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,393 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.33
    •  
  • 2204 Churchill Loop Grapevine, TX 1
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 2012
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.29
    •  
  • 609 E Wall Street Grapevine, TX 3
    • 3 beds 3 baths ∙ 2,362 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,362 Sqft ∙ Built 2017
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.38
    •  
  • 223 Wood Street Grapevine, TX 4
    • 3 beds 2 baths ∙ 2,513 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,513 Sqft ∙ Built 2009
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.31
    •  
PROPERTY LISTING DETAILS
Heather Bourland
Heritage Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518497
Last Updated: 02/13/2021
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