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4013 Meadow Drive 
Grapevine, TX
76051
3 Beds 3 Baths 2,241 sqft
Built 1986
INVESTimate
$425,000
List Price
$118,375
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $189.65
- 2 Days on Market
- MLS # : 14420473
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,241 sqft
- Baths : 2 full , 1 half
Listing Agent
Sullins Team, Inc.
Listing Agent's Description
Remodeled July 2020: roof, exterior paint, gutters, new solid surface floors throughout the entire downstairs & on the stairs, upstairs solid surface floors installed 2015. Master bath features new freestanding tub, oversized walk-in shower, custom cabinets, quartz countertops & brushed nickel hardware. Upstairs bathroom LL new tub, tile shower surround,cabinets, sinks & countertops, All 3 bathrooms have new toilets. All the walls and trim throughout the house painted in July 2020. Electrical switches for lights and fans updated July 2020 along with some lighting. Award winning GCISD Fabulous neighborhood, Grapevine Park just around the corner. Easy access to DFW airport & four major highways for easy commute.
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: Yorkshire Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Yorkshire Meadows
* 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 | $2,630 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$808 | |
| Property Insurance | -$157 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1
|
||
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.
$425,000
PROJECTED PRICE
$2,630
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.18% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.67
YEARS SAVED
$24,432
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,630
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$2,471
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
4013 Meadow Drive Grapevine, TX 4
- 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $2,630
- $1.17
-
3509 Edgehill Street Grapevine, TX 1
- 4 beds 4 baths ∙ 2,167 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,167 Sqft ∙ Built 1988
![property image]()
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,300
- $1.06
-
3349 Wilshire Avenue Grapevine, TX 2
- 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1999
![property image]()
LEASED 10/08/19- Rent
- Rent Per SQFT
- $2,350
- $1.04
-
2810 Scarborough Court Grapevine, TX 3
- 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 1986
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $2,500
- $1.20
-
3222 Mapleridge Drive Grapevine, TX 5
- 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 1989
![property image]()
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,696
- $1.11
PROPERTY LISTING DETAILS
Sullins Team, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420473
Last Updated: 08/25/2020
