Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $168.84
- 4 Days on Market
- MLS # : 14498229
- Updated Date : 01/14/2021 at 16:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,304 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
They say location is the most important. This .42 acre lot is easy access to Hwy 121 for your commute, Grapevine-Colleyville ISD, city pool and close to shopping and dining at Glade Parks. All in a single story home. Updated interior features wood floors in the combo living and dining areas as well as the 4th bedroom which is a great office space. Open floor plan with tons of natural light, recent paint and updated kitchen featuring quartz counters, gas cooktop and stainless appliances, double skylight. Split owners suite with view of backyard, updated bath with travertine and quartz. Covered patio allows for enjoyment of the large backyard space. Most windows upgraded to vinyl for energy efficiency
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Shadow Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shadow Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,440 |
| EXPENSES | Loan Payment | -$1,351 |
| Property Tax | -$739 | |
| Property Insurance | -$160 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$90
|
||
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.
$389,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,835
LOAN DETAILS
$1,351
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
5.67
YEARS SAVED
$25,022
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,440
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,431
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
5120 Heatherdale Drive Grapevine, TX 3
- 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $2,440
- $1.06
-
4312 Kenwood Drive Grapevine, TX 1
- 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 1986
![property image]()
LEASED 09/22/20- Rent
- Rent Per SQFT
- $2,250
- $1.04
-
1721 Altacrest Drive Grapevine, TX 2
- 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1991
![property image]()
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,350
- $1.01
-
1802 Haydenbend Circle Grapevine, TX 4
- 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,226 Sqft ∙ Built 1991
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,500
- $1.12
-
802 Kodiak Circle Euless, TX 5
- 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004
![property image]()
LEASED 03/24/20- Rent
- Rent Per SQFT
- $2,600
- $1.05
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14498229
Last Updated: 01/14/2021
