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949 Meadow Bend Loop Grapevine, TX 76051

3 Beds 3 Baths 2,000 sqft Built 2021

$551,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $275.50
  • 4 Days on Market
  • MLS # : 14518358
  • Updated Date : 02/25/2021 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,000 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Single Story by Maykus Homes & Neighborhoods.3BD 3BA 3Car Tandem Garage, Modern Farm House Design on Low Maintenance greenbelt Lot. Enjoy Downtown Lifestyle Living! Conservative Sq Footage, Standard High End Finish-Out, Energy Efficiency, Turn-Key Ready! Light Filled Open Concept Living & Dining, Real Oak Hardwood Floors, Spacious Kitchen, Large Island & Large Dining for Family Gatherings, Showcasing Bosh Appliance, Lg Prep Pantry, Custom Built Cabinets, All Quartz Countertops. Split bedrooms, Master Suite Features Luxury Bath with Double vanities & Shower, Designer touches & tiles! Fun Exterior Colors, Accented Front Door, 3rd Party 10 Year Structural Warranty, Landscaping & Sprinkler, Privacy Fencing.

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

Zip Code: 76051

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k374k

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

Zip Code: 76051

ZipNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262539

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$495,900$606,100$551,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$1,914
Property Tax -$1,047
Property Insurance -$156
HOA -$92
Property Management Fees -$99
CASH FLOW
-$288

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.

$551,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 3.00%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,015

INVESTMENT

$148,015

Down Payment
$137,750
Rehab Estimate
$2,000
Closing Costs
$8,265

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,914

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,750
Loan Amount $413,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,009

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9003$3,0204$3,2505$3,300
$3,300
RENT COMPS ANALYSIS
  • 949 Meadow Bend Loop Grapevine, TX 3
    • 3 beds 3 baths ∙ 2,233 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,233 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $1.35
    •  
  • 2204 Churchill Loop Grapevine, TX 1
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 2012
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.29
    •  
  • 508 Dooley Court Grapevine, TX 2
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 2003
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.41
    •  
  • 609 E Wall Street Grapevine, TX 4
    • 3 beds 3 baths ∙ 2,362 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,362 Sqft ∙ Built 2017
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.38
    •  
  • 223 Wood Street Grapevine, TX 5
    • 3 beds 2 baths ∙ 2,513 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,513 Sqft ∙ Built 2009
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.31
    •  
PROPERTY LISTING DETAILS
Karen Miears
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518358
Last Updated: 02/25/2021
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