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855 San Jacinto Drive 
Grand Prairie, TX
75052
3 Beds 2 Baths 2,043 sqft
Built 1996
INVESTimate
$265,000
List Price
$75,975
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PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $129.71
- 3 Days on Market
- MLS # : 14417494
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,043 sqft
- Baths : 2 full
Listing Agent
Rendon Realty, Llc
Listing Agent's Description
Location Location! This beautiful one story home is located in a well established desired neighborhood. 2 living rooms, dining room, nook area and a large master bedroom. High vaulted ceilings with lots of natural lighting!
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: Westchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westchester
* 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 | $1,800 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$645 | |
| Property Insurance | -$145 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$67
|
||
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.
$265,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.52% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
3.25
YEARS SAVED
$8,463
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,915
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
855 San Jacinto Drive Grand Prairie, TX 4
- 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,043 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,800
- $0.88
-
849 Chaparral Drive Grand Prairie, TX 1
- 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1991
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,799
- $0.96
-
4348 Sierra Drive Grand Prairie, TX 2
- 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1990
![property image]()
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,800
- $0.95
-
835 Sonora Lane Grand Prairie, TX 3
- 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1989
![property image]()
LEASED 05/03/20- Rent
- Rent Per SQFT
- $1,800
- $0.95
-
647 E Sandra Lane Grand Prairie, TX 5
- 3 beds 2 baths ∙ 2,141 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,141 Sqft ∙ Built 2006
![property image]()
LEASED 08/29/19- Rent
- Rent Per SQFT
- $1,900
- $0.89
PROPERTY LISTING DETAILS
Rendon Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14417494
Last Updated: 08/25/2020
