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4706 Alamo Court Grand Prairie, TX 75052

4 Beds 2 Baths 2,016 sqft Built 1980

INVESTimate

$220,000

List Price

$1,710

$1,539 - $1,881

Rent Est.

$246,840  ( +12.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $109.13
  • 5 Days on Market
  • MLS # : 14416755
  • Updated Date : 08/24/2020 at 15:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,016 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Need enough space for all your family members? You found it! This 4 bedroom 2 bath home offers Texas size living areas through out inside and out. Enough space for breakfast table and dining table. Living area offers additional space for separate sitting area or office. New Pebble-stone driveway added to front of home for additional parking in addition to the 2 car garage. Great neighborhood to take a walk at anytime of day. Private fencing in back yard. New paint, flooring, roof replaced in 2016. Conveniently located mins from 2 major Hwys. More pictures to come.

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: Trailwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Trailwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8931734

* 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
Dickinson Elementary Academy Primary Regular 440 30 3
Harry S Truman Middle School Middle Regular 600 42 4
Dubiski Career High School High Regular 1,486 86 8

Dickinson Elementary Academy

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 30
3
GreatSchools Rating

Harry S Truman Middle School

  • Education Level: Middle
  • # of students: 600
  • # of teachers: 42
4
GreatSchools Rating

Dubiski Career High School

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

$198,000$242,000$220,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$812
Property Tax -$536
Property Insurance -$144
Property Management Fees -$99
CASH FLOW
$120

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.

$220,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.20%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$21,216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,678

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5753$1,6504$1,7105$1,850
$1,850
RENT COMPS ANALYSIS
  • 4706 Alamo Court Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.85
    •  
  • 2018 Blue Ridge Trail Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1977
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 2621 Carrington Lane Grand Prairie, TX 2
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1987
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.84
    •  
  • 1918 Dodge Trail Grand Prairie, TX 3
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1977
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 129 Hanover Street Grand Prairie, TX 5
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1995
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
PROPERTY LISTING DETAILS
Christina Carrasco
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416755
Last Updated: 08/24/2020
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