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1302 Incline Circle Garland, TX 75040

4 Beds 3 Baths 2,150 sqft Built 2020

$334,990

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $155.81
  • 1 Days on Market
  • MLS # : 14488914
  • Updated Date : 12/20/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 3 full
Listing Agent

Home Capital Realty Llc

Listing Agent's Description

New Home in 100 days. There are 15 homes remaining in this 21 lot new subdivision. ROSOHOMES is the builder. They offer custom features like 10' ceilings, LVT or laminate floors in all the high traffic areas. Ceiling fans in all bedrooms and living rooms. Quartz or granite on all counters. Site built custom cabinets. Buyer can choose from over 75 options to customize their home. We have three different exterior designs: modern, farmhouse and traditional. Bring you most discerning clients. ROSO offers your client more quality for the same price as comparable builders in Garland. Full sod, sprinkler system and landscape. 6-8 foot cedar fence.

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: Schreiber Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $99k243k

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

Neighborhood: Schreiber Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9401734

* 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
 

$301,491$368,489$334,990

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,236
Property Tax -$788
Property Insurance -$151
HOA -$50
Property Management Fees -$99
CASH FLOW
-$334

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$334,990

PROJECTED PRICE

$1,990

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 14.9%
Maintenance Year (1-5) 3.00%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,772

INVESTMENT

$90,772

Down Payment
$83,748
Rehab Estimate
$2,000
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,748
Loan Amount $251,243
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,967

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9904$2,0905$2,100
$2,100
RENT COMPS ANALYSIS
  • 1302 Incline Circle Garland, TX 3
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.93
    •  
  • 1109 Arbor Gate Drive Garland, TX 1
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2002
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 2914 Cedar Brook Drive Garland, TX 2
    • 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2002
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 3921 Three Oaks Drive Garland, TX 4
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2006
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.91
    •  
  • 317 Twin Creeks Drive Garland, TX 5
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2019
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
PROPERTY LISTING DETAILS
George Roddy
Home Capital Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488914
Last Updated: 12/20/2020
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