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919 Bentwater Parkway Grand Prairie, TX 75104

5 Beds 5 Baths 4,036 sqft Built 2006

$479,900

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $118.90
  • 4 Days on Market
  • MLS # : 14466047
  • Updated Date : 11/05/2020 at 13:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,036 sqft
  • Baths : 4 full , 1 half
Listing Agent

Rj Williams & Company Re Llc

Listing Agent's Description

STUNNING remodel 5 beds,4.5 baths,3 garages sitting on half acre lot on the desirable Lake Ridge community near Joe Pool Lake! Lots of love in this home, the moment you walk-in you are welcomed by the hardwood staircase, inviting living-dining area, high ceilings, stone work & a gas chimney. Enjoy a dream kitchen with gas cooktop, SS appliances, double ovens, granite countertops, island & way more. Master bedroom with trey ceilings,2 walk-in closets, huge master bath with jetted tub & walk-in shower. Second floor has a massive living room, a theater room & great size rooms. New paint, flooring, garage Foundation work, French drains, water Heaters & more. Huge backyard. HOA has Fishing ponds, hike & bike trails.

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: Lake Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $109k426k

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

Neighborhood: Lake Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9593299

* 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
Lake Ridge Elementary School Primary Regular 397 23 5
Permenter Middle School Middle Regular 632 39 4
Permenter Middle School High Regular 632 39 4

Lake Ridge Elementary School

  • Education Level: Primary
  • # of students: 397
  • # of teachers: 23
5
GreatSchools Rating

Permenter Middle School

  • Education Level: Middle
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating

Permenter Middle School

  • Education Level: High
  • # of students: 632
  • # of teachers: 39
4
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$1,771
Property Tax -$1,168
Property Insurance -$260
HOA -$31
Property Management Fees -$99
CASH FLOW
$20

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.

$479,900

PROJECTED PRICE

$3,350

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.0%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$25,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $3,283

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,2253$3,3504$3,400
$3,400
RENT COMPS ANALYSIS
  • 919 Bentwater Parkway Grand Prairie, TX 3
    • 5 beds 5 baths ∙ 4,036 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,036 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.83
    •  
  • 1611 Mustang Court Cedar Hill, TX 1
    • 5 beds 4 baths ∙ 3,915 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,915 Sqft ∙ Built 2005
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.80
    •  
  • 2726 Fountain View Boulevard Cedar Hill, TX 2
    • 4 beds 4 baths ∙ 3,867 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,867 Sqft ∙ Built 2010
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,225
    • $0.83
    •  
  • 2714 Point View Cedar Hill, TX 4
    • 4 beds 4 baths ∙ 4,208 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,208 Sqft ∙ Built 2006
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.81
    •  
PROPERTY LISTING DETAILS
Juan Manuel Acosta
Rj Williams & Company Re Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466047
Last Updated: 11/05/2020
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