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813 Woodhaven Lane 
Grand Prairie, TX
75052
3 Beds 2 Baths 1,802 sqft
Built 1985
INVESTimate
$240,000
List Price
$69,350
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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $133.19
- 2 Days on Market
- MLS # : 14420168
- Updated Date : 08/25/2020 at 07:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,802 sqft
- Baths : 2 full
Listing Agent
Jp And Associates Fort Worth
Listing Agent's Description
Welcome to this Grand Prairie home with a huge backyard. Relax under the covered patio and turn it into your dream oasis. This beautifully updated ranch provides quick access to freeways, shopping, and restaurants. It has a brand-new roof, floors, stainless steel appliances, and fresh paint. The primary suite offers separate vanities, dual sinks, two walk-in closets, separate shower, and jetted tub. The living room has a wood-burning brick fireplace and built-in surround sound. Bonus room located upstairs is perfect for an office. Nothing left to do, other than move in and make this home yours.
SEE MORE
- . 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: Woodcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$584 | |
| Property Insurance | -$131 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$70
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$240,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.20% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
3.08
YEARS SAVED
$7,177
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,649
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
813 Woodhaven Lane Grand Prairie, TX 3
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,630
- $0.90
-
3606 Pinoak Drive Grand Prairie, TX 1
- 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1977
![property image]()
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,595
- $0.92
-
601 Raywood Drive Grand Prairie, TX 2
- 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1979
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,625
- $0.94
-
826 Oakland Street Grand Prairie, TX 4
- 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1976
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,675
- $0.91
-
737 Oakland Street Grand Prairie, TX 5
- 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,895 Sqft ∙ Built 1976
![property image]()
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,695
- $0.89
PROPERTY LISTING DETAILS
Jp And Associates Fort Worth
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420168
Last Updated: 08/25/2020
