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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $148.98
- 1 Days on Market
- MLS # : 14520747
- Updated Date : 03/07/2021 at 00:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,403 sqft
- Baths : 2 full , 1 half
Listing Agent
Hsn Realty Llc
Listing Agent's Description
Fall in Love with this absolutely Stunning Fabulous 4 Bed,2.1 Bath,2 Living and 2 Dining Double story house awaits your approval. Upstairs living area can be use as Game Room.The neutral color scheme works beautifully with any décor & the abundance of windows invites the sun to fill each room with natural light. Granite countertop in kitchen and stainless steel appliances. Roof was replaced in 2020.Exterior paint was completed in 2020Texture paint on walls. Pond ,Jogging trail,Park,Gym,Club house and 3 Swimming pools.Cedat Hill view.Examplary Mansfield ISD schools.Free Joe Pool Lake and Lynn Creek Park access. Close to HWY 360 and HWY 87 and Hwy 67.
SEE MORE
- 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
Neighborhood: Mira Lagos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mira Lagos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,243 |
| Property Tax | -$786 | |
| Property Insurance | -$166 | |
| HOA | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$291
|
||
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.
$358,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$100,620
LOAN DETAILS
$1,243
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,500 |
| Loan Amount | $268,500 |
0.83
YEARS SAVED
$1,308
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,043
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
7243 La Mancha Grand Prairie, TX 2
- 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2009
![property image]()
- Rent
- Rent Per SQFT
- $2,050
- $0.85
-
3244 Torio Grand Prairie, TX 1
- 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,330 Sqft ∙ Built 2007
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LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,950
- $0.84
-
3132 Serpis Grand Prairie, TX 3
- 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2005
![property image]()
LEASED 01/29/21- Rent
- Rent Per SQFT
- $2,100
- $0.81
-
3256 Guadaloupe Grand Prairie, TX 4
- 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2005
![property image]()
LEASED 04/14/20- Rent
- Rent Per SQFT
- $2,195
- $0.87
-
7232 Roble Grand Prairie, TX 5
- 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015
![property image]()
LEASED 05/02/20- Rent
- Rent Per SQFT
- $2,200
- $0.88
PROPERTY LISTING DETAILS
Hsn Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14520747
Last Updated: 03/07/2021
