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13805 Gandia Drive Little Elm, TX 75068

4 Beds 3 Baths 2,908 sqft Built 2021

$461,157

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $158.58
  • 2 Days on Market
  • MLS # : 14514434
  • Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,908 sqft
  • Baths : 3 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14514434 - Built by Tri Pointe Homes - July completion! ~ Located in the beautiful community Valencia on the lake! This gorgeous 4 Bedroom, 3 Bath, 2 Car Garage has many upgrades including a Box window at Primary Bedroom, Desk at Kitchen, Balcony and Media Room! Schedule your showing today!

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Lakeview Elementary School Primary Regular 581 38 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 38
6
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$415,041$507,273$461,157

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,602
Property Tax -$967
Property Insurance -$195
HOA -$38
Property Management Fees -$99
CASH FLOW
-$770

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.

$461,157

PROJECTED PRICE

$2,130

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
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-$14k-$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$124,207

INVESTMENT

$124,207

Down Payment
$115,289
Rehab Estimate
$2,000
Closing Costs
$6,917

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,289
Loan Amount $345,868
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,523

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,130
1$2,1302$2,2003$2,3954$2,5955$2,600
$2,600
RENT COMPS ANALYSIS
  • 13805 Gandia Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.73
    •  
  • 741 Calliopsis Street Little Elm, TX 2
    • 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2016
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 2929 Aurora Mist Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,921 Sqft ∙ Built 2005
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.82
    •  
  • 1112 Mist Flower Drive Little Elm, TX 4
    • 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 2017
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.94
    •  
  • 1729 Megan Creek Drive Little Elm, TX 5
    • 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,817 Sqft ∙ Built 2015
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514434
Last Updated: 02/06/2021
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