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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $163.75
- 1 Days on Market
- MLS # : 14527792
- Updated Date : 03/07/2021 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,742 sqft
- Baths : 3 full
Listing Agent
Dash Realty
Listing Agent's Description
Great north Dallas location, close to major highways, open floor plan, high ceilings, lots of natural light throughout the house, Stainless steel kitchen appliances, granite counter tops in kitchen and gas stove. Hardwood floors. Master suite and another room downstairs that can be used as a bedroom or an office – split bedrooms. Good size backyard with gas line for BBQ. Covered front porch. Energy features for low bills include R38 insulation, radiant barrier roof & 16 SEER HVAC.
SEE MORE
- 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: Northeast Garland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Garland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,560 |
| Property Tax | -$1,056 | |
| Property Insurance | -$186 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$921
|
||
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.
$449,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$124,735
LOAN DETAILS
$1,560
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
-0.25
YEARS SAVED
-$56
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,002
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
1433 Prestonwood Road Garland, TX 2
- 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,010
- $0.73
-
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
-
1222 Mackey Street Garland, TX 3
- 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 2001
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,100
- $0.72
-
1605 Audrey Drive Garland, TX 4
- 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2001
LEASED 10/02/19- Rent
- Rent Per SQFT
- $2,150
- $0.79
PROPERTY LISTING DETAILS
Dash Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14527792
Last Updated: 03/07/2021
