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4935 Screech Owl Lane Grand Prairie, TX 75052

4 Beds 2 Baths 2,113 sqft Built 2006

$310,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $146.71
  • 7 Days on Market
  • MLS # : 14520157
  • Updated Date : 02/24/2021 at 20:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,113 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

This lovely home has 4 beds with walking closets, formal dining, open living room, breakfast, kitchen area with granite countertop, and a backyard porch. The 4th bedroom can be used as an office too. It is 1 block away from the community park with kids playground, pond, trail, and ballpark. In a mile, you have the Joe Pool Lake, supermarkets, banks, ERs, urgent care, pharmacies, and a shopping center. Located in a quiet neighborhood with easy access to workplaces, entertainment, and business. Highways I-20, 360, & 161 only 3 min away. Close to DFW airport, Cowboys and Texas Rangers stadiums and more.

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: High Hawk at Martin's Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k333k

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

Neighborhood: High Hawk at Martin's Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9592495

* 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
Barnett Junior High School Middle Regular 893 69 6
Bowie High School High Regular 3,053 194 5
Barnett Junior High School Middle Unknown NA

Barnett Junior High School

  • Education Level: Middle
  • # of students: 893
  • # of teachers: 69
6
GreatSchools Rating

Bowie High School

  • Education Level: High
  • # of students: 3,053
  • # of teachers: 194
5
GreatSchools Rating

Barnett Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,077
Property Tax -$680
Property Insurance -$149
HOA -$13
Property Management Fees -$99
CASH FLOW
-$98

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$310,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$6,939

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,055

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$2,1003$2,1004$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 4935 Screech Owl Lane Grand Prairie, TX 1
    • 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.91
    •  
  • 4927 Marsh Harrier Avenue Grand Prairie, TX 2
    • 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
  • 2356 San Augustine Lane Grand Prairie, TX 3
    • 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,148 Sqft ∙ Built 2011
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 2364 Collin Drive Grand Prairie, TX 4
    • 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 2010
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.97
    •  
  • 2323 Tawny Owl Road Grand Prairie, TX 5
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2014
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jose Guerra
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520157
Last Updated: 02/24/2021
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