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4720 Trevor Trail Grapevine, TX 76051

4 Beds 3 Baths 2,946 sqft Built 2012

$540,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $183.30
  • 4 Days on Market
  • MLS # : 14525811
  • Updated Date : 03/05/2021 at 12:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,946 sqft
  • Baths : 3 full
Listing Agent

The Platinum Group Real Estate

Listing Agent's Description

This home is located in the sought-after Stone Bridge Oaks, this “lock and leave” community is located near DFW airport making trips a breeze. Downstairs has the living room with gas fireplace, master bedroom, formal dining, and a guest room with bath. Upstairs has a second living room, office, and two bedrooms with bath. Home is energy efficient and features high-end finishes, vaulted beam ceilings, wood floors, tankless water heater. HOA is amazing and covers exterior maintenance, lawn care front and back, irrigation systems maintenance, all outdoor water for irrigation, fence, pool, clubhouse, workout facility.

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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$1,876
Property Tax -$1,026
Property Insurance -$197
HOA -$350
Property Management Fees -$99
CASH FLOW
-$298

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.

$540,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.60%

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

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$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,462

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2503$3,4004$3,7505$4,100
$4,100
RENT COMPS ANALYSIS
  • 4720 Trevor Trail Grapevine, TX 2
    • 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.10
    •  
  • 5053 Heritage Oaks Drive Colleyville, TX 1
    • 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 3
    • 4 beds 4 baths ∙ 3,152 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,152 Sqft ∙ Built 2015
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.08
    •  
  • 1711 Wildflower Trail Grapevine, TX 4
    • 4 beds 4 baths ∙ 3,196 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,196 Sqft ∙ Built 2002
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.17
    •  
  • 4375 Eastwoods Grapevine, TX 5
    • 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2017
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.33
    •  
PROPERTY LISTING DETAILS
Dylan Davis
The Platinum Group Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525811
Last Updated: 03/05/2021
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