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1121 Stonewall Street Garland, TX 75043

3 Beds 3 Baths 1,995 sqft Built 1981

$279,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $140.30
  • 3 Days on Market
  • MLS # : 14487824
  • Updated Date : 12/18/2020 at 09:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,995 sqft
  • Baths : 2 full , 1 half
Listing Agent

Divine Realty Group

Listing Agent's Description

Come see this BEAUTIFULLY updated 3 bed, 2.5 bath with a studio or office space! This gem has a LARGE living room, dining area, and a game room with a built in wine rack. You will LOVE the modern kitchen with new granite counter tops. Enjoy the outside with the nice size backyard and covered patio. Other features include recessed ceilings, laminate floors, jet tub with a luxury vanity, fresh paint, and sprinkler system. Easy access to Hwy 30, George Bush, shopping, dinning and the shops of Firewheel. No HOA! YOU MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Club Hill

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $99k279k

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

Neighborhood: Club Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9401954

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,033
Property Tax -$658
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
-$242

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 14.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,716

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6903$1,7254$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 1121 Stonewall Street Garland, TX 2
    • 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.85
    •  
  • 421 Ivy Way Garland, TX 1
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1972
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 2817 Harpers Ferry Garland, TX 3
    • 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,086 Sqft ∙ Built 1981
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.83
    •  
  • 1018 Seminary Ridge Garland, TX 4
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 1985
    property image
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 3001 Jeremes Landing Garland, TX 5
    • 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1985
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
PROPERTY LISTING DETAILS
Gladys Coria-keatts
Divine Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487824
Last Updated: 12/18/2020
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