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5105 Shadow Glen Drive Grapevine, TX 76051

4 Beds 2 Baths 2,482 sqft Built 1990

$387,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $156.29
  • 3 Days on Market
  • MLS # : 14464983
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,482 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Wonderful 1 story home in sought after Shadow Glen Addition. So many updates including gorgeous granite in kitchen, stainless steel appliances, white shaker style cabinets, kitchen opens to huge living room, arched doorways and impressive low E windows throughout - June 2020, updated fixtures and granite counters in bathrooms, Backyard features huge deck for entertaining and play with lots of grassy area, Roof - June 2019, Tankless water heater Dec. 2019, giant floored and enclosed attic for tons of storage, 4th bedroom can flex as office. Walkability galore! Grapevine Elementary and city pool just down the street, 3 parks (including 14 acre dog park), restaurants and shopping! DFW Airport minutes away. GCISD!

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: Shadow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k385k

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

Neighborhood: Shadow Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262630

* 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
Heritage Middle School Middle Regular 922 51 9
Heritage Middle School High Regular 922 51 9

Grapevine Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 34
9
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating

Heritage Middle School

  • Education Level: High
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating
 

$349,110$426,690$387,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,431
Property Tax -$737
Property Insurance -$171
Property Management Fees -$99
CASH FLOW
$102

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.

$387,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,544

INVESTMENT

$108,544

Down Payment
$96,975
Rehab Estimate
$5,750
Closing Costs
$5,819

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,975
Loan Amount $290,925
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$31,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,600

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3953$2,5404$2,6005$2,795
$2,795
RENT COMPS ANALYSIS
  • 5105 Shadow Glen Drive Grapevine, TX 3
    • 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.02
    •  
  • 1721 Altacrest Drive Grapevine, TX 1
    • 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1991
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.01
    •  
  • 4339 Bradford Drive Grapevine, TX 2
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 1989
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 1929 Fair Field Drive Grapevine, TX 4
    • 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,369 Sqft ∙ Built 1994
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.10
    •  
  • 1713 Brettenmeadow Drive Grapevine, TX 5
    • 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,605 Sqft ∙ Built 1990
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.07
    •  
PROPERTY LISTING DETAILS
Joe Atwal
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464983
Last Updated: 11/06/2020
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