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4617 Trevor Trail Grapevine, TX 76051

5 Beds 5 Baths 4,128 sqft Built 2014

$639,900

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $155.01
  • 1 Days on Market
  • MLS # : 14531744
  • Updated Date : 03/13/2021 at 12:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,128 sqft
  • Baths : 4 full , 1 half
Listing Agent

First American Re & Mngmt Srvs

Listing Agent's Description

Stunning 2014 Custom Executive home is located in sought after Stone Bridge Oaks&GCISD.LOW MAINTENANCE, ENERGY EFFICIENT offers:curved stairway,dramatic elevations,stone fireplace,gourmet island kitchen & SS appliances.Window Seats.Master bedrm down features large his&her closets and exquisite bath with double vanities.2 more bedrms down have own baths.Also powder room on the first level.2 additional bedrms up,2-level media room,game room,and flex area.Office w private entry,3car garage and large covered patio.HOA includes complete yard maint.(front & back,weed & feed,shrub trimming,mulch & sprinkler system water & maintenance),4-star Pool,Grill Area,Fitness Center,Walking Trails,Community Center use at no cost

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

Neighborhood: Stone Bridge Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k528k

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

Neighborhood: Stone Bridge Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263122

* 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
 

$575,910$703,890$639,900

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,223
Property Tax -$1,220
Property Insurance -$266
HOA -$350
Property Management Fees -$99
CASH FLOW
-$877

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.

$639,900

PROJECTED PRICE

$3,280

PROJECTED RENT

0.51%

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-$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$175,324

INVESTMENT

$175,324

Down Payment
$159,975
Rehab Estimate
$5,750
Closing Costs
$9,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,975
Loan Amount $479,925
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$18

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,674

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,280
1$3,2802$3,500
$3,500
RENT COMPS ANALYSIS
  • 4617 Trevor Trail Grapevine, TX 1
    • 5 beds 5 baths ∙ 4,128 Sqft ∙ Built 2014 5 beds 5 baths ∙ 4,128 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $0.79
    •  
  • 3772 Shumard Oak Lane Colleyville, TX 2
    • 4 beds 4 baths ∙ 3,943 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,943 Sqft ∙ Built 2010
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Sarfaraz Hansraj
First American Re & Mngmt Srvs
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531744
Last Updated: 03/13/2021
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