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6419 Graceland Greenville, TX 75402

4 Beds 2 Baths 1,473 sqft Built 2020

$229,770

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $155.99
  • 7 Days on Market
  • MLS # : 14472193
  • Updated Date : 11/20/2020 at 11:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,473 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14472193 - Built by Altura Homes - January 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 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)
  • 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)

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
 

$206,793$252,747$229,770

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$848
Property Tax -$517
Property Insurance -$112
HOA -$8
Property Management Fees -$99
CASH FLOW
-$144

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.

$229,770

PROJECTED PRICE

$1,440

PROJECTED RENT

0.63%

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$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,889

INVESTMENT

$62,889

Down Payment
$57,443
Rehab Estimate
$2,000
Closing Costs
$3,447

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,443
Loan Amount $172,328
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,388

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4404$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 6419 Graceland Greenville, TX 3
    • 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.98
    •  
  • 1421 Reiger Drive Greenville, TX 1
    • 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 2
    • 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
    •  
  • 1410 Thibodaux Drive Greenville, TX 4
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2017
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 6502 Rienzi Drive Greenville, TX 5
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2016
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
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 #: 14472193
Last Updated: 11/20/2020
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