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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trailwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$117,275
LOAN DETAILS
$1,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $108,750 |
| Loan Amount | $326,250 |
-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
-
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
Vivo Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481259
Last Updated: 12/04/2020
