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547 Kessler Street Grand Prairie, TX 75052

3 Beds 2 Baths 1,692 sqft Built 1986

$259,999

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $153.66
  • 5 Days on Market
  • MLS # : 14520708
  • Updated Date : 02/25/2021 at 03:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,692 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

MULTIPLE OFFERS DEADLINE SATURDAY AT 6PM. Westchester Subdivision HOME AVAILABLE... Come see this very well maintained 3 bd 2 bath home. Beautiful floors throughout the home, nice fireplace, lots of natural light, wood window shutters, high ceilings, water sprinkler system, lots of closet space, beautiful backyard with 8 ft. fence and nice landscape, gutters and much more. Come SEE ASAP : )

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: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k336k

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

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9592171

* 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
Colin Powell Elementary School Primary Regular 546 32 9
Ronald W. Reagan Middle School Middle Regular 770 51 7
Dubiski Career High School High Regular 1,486 86 8

Colin Powell Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 32
9
GreatSchools Rating

Ronald W. Reagan Middle School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 51
7
GreatSchools Rating

Dubiski Career High School

  • Education Level: High
  • # of students: 1,486
  • # of teachers: 86
8
GreatSchools Rating
 

$233,999$285,999$259,999

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$903
Property Tax -$633
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
-$140

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.

$259,999

PROJECTED PRICE

$1,620

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.5%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $194,999
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,821

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,637

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,7003$1,7754$1,7995$1,800
$1,800
RENT COMPS ANALYSIS
  • 547 Kessler Street Grand Prairie, TX 1
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.96
    •  
  • 4528 Fargo Drive Grand Prairie, TX 2
    • 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1990
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 410 Hampton Circle Grand Prairie, TX 3
    • 3 beds 3 baths ∙ 1,824 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,824 Sqft ∙ Built 1998
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.97
    •  
  • 849 Chaparral Drive Grand Prairie, TX 4
    • 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1991
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.96
    •  
  • 4348 Sierra Drive Grand Prairie, TX 5
    • 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1990
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ana Valdez
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520708
Last Updated: 02/25/2021
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