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6804 Sail Away Place Grand Prairie, TX 75054

4 Beds 3 Baths 3,543 sqft Built 2011

$505,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $142.53
  • 6 Days on Market
  • MLS # : 14538750
  • Updated Date : 03/23/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,543 sqft
  • Baths : 3 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

Built in 2011, this Grand Prairie two-story cul-de-sac home offers granite countertops, and a two-car garage. Home utilities may be turned off due to weather conditions.

SEE MORE

MARKET HIGHLIGHTS

  • 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: The Bluffs at Grand Peninsula

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $109k422k

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

Neighborhood: The Bluffs at Grand Peninsula

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9593274

* 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
Anna May Daulton Elementary School Primary Regular 665 41 8
Danny Jones Middle School Middle Regular 843 51 9
Mansfield Lake Ridge High School High Unknown 2,085 113 NA

Anna May Daulton Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 41
8
GreatSchools Rating

Danny Jones Middle School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 51
9
GreatSchools Rating

Mansfield Lake Ridge High School

  • Education Level: High
  • # of students: 2,085
  • # of teachers: 113
NA
GreatSchools Rating
 

$454,500$555,500$505,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$1,754
Property Tax -$1,108
Property Insurance -$232
HOA -$58
Property Management Fees -$99
CASH FLOW
-$161

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.

$505,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,575

INVESTMENT

$139,575

Down Payment
$126,250
Rehab Estimate
$5,750
Closing Costs
$7,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,754

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $126,250
Loan Amount $378,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,127

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9953$3,0004$3,0655$3,090
$3,090
RENT COMPS ANALYSIS
  • 6804 Sail Away Place Grand Prairie, TX 5
    • 4 beds 3 baths ∙ 3,543 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,543 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $0.87
    •  
  • 2468 Lakeland Drive Grand Prairie, TX 1
    • 4 beds 3 baths ∙ 3,406 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,406 Sqft ∙ Built 2003
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.85
    •  
  • 6960 Catamaran Drive Grand Prairie, TX 2
    • 5 beds 4 baths ∙ 3,472 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,472 Sqft ∙ Built 2005
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.86
    •  
  • 6979 Sea Harbor Drive Grand Prairie, TX 3
    • 4 beds 4 baths ∙ 3,316 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,316 Sqft ∙ Built 2010
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
  • 2672 Bridgewater Drive Grand Prairie, TX 4
    • 4 beds 4 baths ∙ 3,320 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,320 Sqft ∙ Built 2006
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,065
    • $0.92
    •  
PROPERTY LISTING DETAILS
Feras Rachid
Opendoor Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14538750
Last Updated: 03/23/2021
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