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

849 Tapley Street Grand Prairie, TX 75051

4 Beds 3 Baths 2,002 sqft Built 2020

$279,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $139.81
  • 5 Days on Market
  • MLS # : 14462181
  • Updated Date : 11/04/2020 at 09:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,002 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Be amazed at this newly built custom MONISCO home with over 2000 SF of living space with an open floor plan. 4 bedrooms, 2.1 baths, oversized laundry room, 2 car garage, custom designer cabinets, stainless steel appliances, upgraded baseboards & beams with beautiful 10 ft ceilings. You'll love the laminate wood floor, ceramic tile flooring, upgraded carpet, & marble countertops in kitchen. A designer's Master Retreat with natural lighting and a spa-like bathroom with dual sinks, separate standing tub & walk-in shower. This home offers beautiful full glass French doors & covered patio. Located next to a beautiful green belt and creek. Only minutes away from AT&T Stadium, Globe Life Field, & The Epic Water Park.

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

Neighborhood: Tyre Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $66k243k

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

Neighborhood: Tyre Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6801734

* 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
Patrick Elementary School Primary Regular NA
Carter Junior High School Middle Regular 1,091 75 4
Sam Houston High School High Regular 3,499 227 2

Patrick Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Carter Junior High School

  • Education Level: Middle
  • # of students: 1,091
  • # of teachers: 75
4
GreatSchools Rating

Sam Houston High School

  • Education Level: High
  • # of students: 3,499
  • # of teachers: 227
2
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,033
Property Tax -$614
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
-$39

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.

$279,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,174

INVESTMENT

$76,174

Down Payment
$69,975
Rehab Estimate
$2,000
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,847

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7504$1,8505$1,899
$1,899
RENT COMPS ANALYSIS
  • 849 Tapley Street Grand Prairie, TX 4
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 2217 Beaumont Street Grand Prairie, TX 1
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2016
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 1805 Beaumont Street Grand Prairie, TX 2
    • 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2016
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 936 Furlong Drive Grand Prairie, TX 3
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2008
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 616 Owen Trail Grand Prairie, TX 5
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2007
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.98
    •  
PROPERTY LISTING DETAILS
Greg Moore
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462181
Last Updated: 11/04/2020
BESbswy