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

6411 Graceland Greenville, TX 75402

3 Beds 2 Baths 1,175 sqft Built 2020

$203,270

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $173.00
  • 3 Days on Market
  • MLS # : 14466919
  • Updated Date : 11/06/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,175 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14466919 - Built by Altura Homes - December completion! ~ Jackson Run is a lovely community just off the 380 & Interstate 30 corridor, in Greenville.. A very desirable proximity to schools, shopping with easy access to the interstate. Greenville is a vibrant and dynamic small town with a great big heart and lots of room to grow. Making this a wonderful place for your family to call home! This single story home in an incredibly beautiful subdivision offers a serene setting with an adorable family friendly floor plan and beautiful upgraded features all included. Come experience the quality of life you can only find here!

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

Zip Code: 75402

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $68k243k

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

Zip Code: 75402

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Travis Elementary School Primary Regular 356 26 3
Greenville Middle School Middle Regular 687 46 5
Greenville High School High Regular 1,077 89 5

Travis Elementary School

  • Education Level: Primary
  • # of students: 356
  • # of teachers: 26
3
GreatSchools Rating

Greenville Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 46
5
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$182,943$223,597$203,270

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$750
Property Tax -$457
Property Insurance -$95
HOA -$8
Property Management Fees -$99
CASH FLOW
-$289

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.

$203,270

PROJECTED PRICE

$1,120

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.0%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0$1.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$55,867

INVESTMENT

$55,867

Down Payment
$50,818
Rehab Estimate
$2,000
Closing Costs
$3,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$750

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,818
Loan Amount $152,453
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$27

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,113

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,120
1$1,1202$1,3503$1,3504$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 6411 Graceland Greenville, TX 1
    • 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.95
    •  
  • 1429 Reiger Drive Greenville, TX 2
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2006
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.92
    •  
  • 1421 Reiger Drive Greenville, TX 3
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 2014
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 1409 Jacksons Run Greenville, TX 4
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2005
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 1417 Thibodaux Drive Greenville, TX 5
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2016
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466919
Last Updated: 11/06/2020
BESbswy