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1314 Incline Circle Garland, TX 75040

4 Beds 3 Baths 2,550 sqft Built 2020

$379,990

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $149.02
  • 3 Days on Market
  • MLS # : 14474645
  • Updated Date : 11/20/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,550 sqft
  • Baths : 3 full
Listing Agent

Home Capital Realty Llc

Listing Agent's Description

New Construction NOT built yet. This is a two story BRECK floor plan which offers 10' ceilings, 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 customize home. ROSO offers three world-class exterior designs: MODERN, FARMHOUSE and TUTOR (brick and stone). Bring you most discerning clients. ROSO offers your client more quality for a lower total cost than comparable builders. Full sod, sprinkler system, landscape. 6-8 foot cedar fence. A Roso Home is built in 120 days or less guaranteed and offers more quality construction materials.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Summerfield

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $88k296k

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

Neighborhood: Summerfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9401974

* 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
 

$341,991$417,989$379,990

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 -$1,402
Property Tax -$893
Property Insurance -$175
HOA -$29
Property Management Fees -$99
CASH FLOW
-$608

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.

$379,990

PROJECTED PRICE

$1,990

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$102,697

INVESTMENT

$102,697

Down Payment
$94,998
Rehab Estimate
$2,000
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,998
Loan Amount $284,993
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$4

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
  • $0.78

    LIST RENT PER SQFT
  • $1,983

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9004$1,9905$2,300
$2,300
RENT COMPS ANALYSIS
  • 1314 Incline Circle Garland, TX 4
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.78
    •  
  • 1817 Cartman Road Garland, TX 1
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2001
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.68
    •  
  • 1821 Cartman Road Garland, TX 2
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2001
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 2110 Hollow Way Garland, TX 3
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 2006
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 5905 Begonia Drive Rowlett, TX 5
    • 4 beds 4 baths ∙ 2,755 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,755 Sqft ∙ Built 2015
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
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 #: 14474645
Last Updated: 11/20/2020
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