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5225 Noble Lane Grand Prairie, TX 75052

5 Beds 4 Baths 3,358 sqft Built 2021

$435,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $129.54
  • 3 Days on Market
  • MLS # : 14481259
  • Updated Date : 12/04/2020 at 17:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,358 sqft
  • Baths : 3 full , 1 half
Listing Agent

Vivo Realty

Listing Agent's Description

Royal Family Homes - Equals Urban Style & Comfort! This Particular Model - Harmony Offers a welcoming entry with vaulted ceiling and an open concept. The gourmet kitchen with Granite counter tops and stainless steel appliances, overlooks the Family room and dining area. The secluded master suite is accented by a walk-in closet, a deluxe master bath with dual vanities, large soaking tub, and a glass enclosed shower. The Harmony offers multi-generational needs with 2 master bedrooms on the first floor. The upstairs game room is shared with three bedrooms and the iron railing overlooks the front entry. Selected Features are Subject To Change Dependent on Buyer's Selections. The upstairs powder room is an option.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
Moseley Elementary School Primary Regular 618 38 6
Harry S Truman Middle School Middle Regular 600 42 4
Dubiski Career High School High Regular 1,486 86 8

Moseley Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 38
6
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
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,605
Property Tax -$1,059
Property Insurance -$221
HOA -$50
Property Management Fees -$99
CASH FLOW
-$664

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.2%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$117,275

INVESTMENT

$117,275

Down Payment
$108,750
Rehab Estimate
$2,000
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$4

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,334

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,3704$2,5505$2,550
$2,550
RENT COMPS ANALYSIS
  • 5225 Noble Lane Grand Prairie, TX 3
    • 5 beds 4 baths ∙ 3,358 Sqft ∙ Built 2021 5 beds 4 baths ∙ 3,358 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.71
    •  
  • 2631 Sicily Court Grand Prairie, TX 1
    • 5 beds 3 baths ∙ 3,092 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,092 Sqft ∙ Built 2010
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.71
    •  
  • 5343 Maverick Drive Grand Prairie, TX 2
    • 5 beds 4 baths ∙ 3,334 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,334 Sqft ∙ Built 2004
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.66
    •  
  • 2340 Shackleford Trail Grand Prairie, TX 4
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2006
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.70
    •  
  • 2639 Excalibur Drive Grand Prairie, TX 5
    • 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 2012
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.71
    •  
PROPERTY LISTING DETAILS
Alfonso Gonzalez
Vivo Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481259
Last Updated: 12/04/2020
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