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105 Garvin Way 
Midlothian, TX
76065
3 Beds 2 Baths 1,354 sqft
Built 1984
INVESTimate
$217,000
List Price
$63,255
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $160.27
- 1 Days on Market
- MLS # : 14419584
- Updated Date : 08/26/2020 at 04:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,354 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Under 220K in Midlothian ISD!! Rare and Hard to Find. Updated. Cuter than a dollhouse. Move in Ready. Roof is roughly 3 years old. Home has updated wood like ceramic tile flooring, counter tops, appliances, clean carpet in the bedrooms, updated ceiling fans, fresh paint inside and exterior, new front door, updated bathrooms, updated windows, new gutters, new board on board 6 foot privacy fence and 10X10 storage building in the backyard. Walking distance to the upcoming area in Midlothian, Founders Row. Easy commute to schools, childcare, highways, dining, shopping and everyday hustle and bustle. Buyer and buyers agent responsible to verify all schools, room sizes, and any information listed on MLS.
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
Zip Code: 76065
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76065
* 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 | $1,380 |
| EXPENSES | Loan Payment | -$801 |
| Property Tax | -$474 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$99
|
||
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.
$217,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.64% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$63,255
LOAN DETAILS
$801
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,250 |
| Loan Amount | $162,750 |
2.5
YEARS SAVED
$4,913
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,378
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
105 Garvin Way Midlothian, TX 1
- 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,380
- $1.02
-
607 E Avenue F Midlothian, TX 2
- 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1982
![property image]()
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,450
- $1.04
-
106 Garvin Way Midlothian, TX 3
- 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1983
![property image]()
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,495
- $1.03
-
1018 Crooked Creek Court Midlothian, TX 4
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2003
![property image]()
LEASED 04/10/19- Rent
- Rent Per SQFT
- $1,595
- $0.99
-
315 N 7th Street Midlothian, TX 5
- 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2003
![property image]()
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,600
- $1.01
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419584
Last Updated: 08/26/2020
