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526 E Worth Street Grapevine, TX 76051

3 Beds 3 Baths 2,203 sqft Built 2015

$744,900

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $338.13
  • 2 Days on Market
  • MLS # : 14520518
  • Updated Date : 02/27/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,203 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

NEWLY built in 2015. Superior curb appeal shows in the exterior of this Custom Built French Country Style house. Combine the exterior with a truly Comforting Transitional modern interior style and you will feel right at home. Next to Grapevine Faith; this property is a rarity in the Historic District! Built 2015, it's energy efficient & up to date. SS appliances & open floor plan round out this Single story split master suite. 3br, 3bath w separate study. Enjoy your own serenity oasis backyard; burbling fountain, luscious landscaping, & fire pit. Night on the town? Walk to Main St for dinner & glass of wine. Then visit all the shops that Historic Grapevine has to offer. THIS IS A MUST SEE ON YOUR HOME SEARCH.

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: College Heights Grapevine

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $88k427k

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

Neighborhood: College Heights Grapevine

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9452539

* 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
Cannon Elementary School Primary Regular 523 36 7
Grapevine Middle School Middle Regular 733 49 5
Colleyville Heritage High School High Regular 2,222 135 8

Cannon Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 36
7
GreatSchools Rating

Grapevine Middle School

  • Education Level: Middle
  • # of students: 733
  • # of teachers: 49
5
GreatSchools Rating

Colleyville Heritage High School

  • Education Level: High
  • # of students: 2,222
  • # of teachers: 135
8
GreatSchools Rating
 

$670,410$819,390$744,900

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,587
Property Tax -$1,416
Property Insurance -$155
Property Management Fees -$99
CASH FLOW
-$1,846

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.

$744,900

PROJECTED PRICE

$2,410

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,149

INVESTMENT

$203,149

Down Payment
$186,225
Rehab Estimate
$5,750
Closing Costs
$11,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,587

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $186,225
Loan Amount $558,675
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,913

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4103$2,9004$3,2505$3,300
$3,300
RENT COMPS ANALYSIS
  • 526 E Worth Street Grapevine, TX 2
    • 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.09
    •  
  • 525 Estill Street Grapevine, TX 1
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1999
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.19
    •  
  • 508 Dooley Court Grapevine, TX 3
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2003
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.41
    •  
  • 609 E Wall Street Grapevine, TX 4
    • 3 beds 3 baths ∙ 2,362 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,362 Sqft ∙ Built 2017
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.38
    •  
  • 223 Wood Street Grapevine, TX 5
    • 3 beds 2 baths ∙ 2,513 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,513 Sqft ∙ Built 2009
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.31
    •  
PROPERTY LISTING DETAILS
Bob Green
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520518
Last Updated: 02/27/2021
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