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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $135.83
- 3 Days on Market
- MLS # : 14474762
- Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,540 sqft
- Baths : 2 full , 1 half
Listing Agent
Citiwide Properties Corp.
Listing Agent's Description
Hard to find 1.5 Story in Castle Point Subdivision, built by Gehan Home - the Laurel Model- with 3 beds and 2.5 baths, a Study and a huge Game or Media room upstairs, hard wood floor throughout main living area, granite counters in kitchen and bath, Gas cook top and SS appliances, decorative lighting in living and patio cover, 10 minutes walk from Park and Lake Area, short drive to Firewheel Mall and 190. Hurry! Won't last at this price!
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 | $2,080 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$811 | |
| Property Insurance | -$174 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$310
|
||
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.
$345,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.60%
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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
0.67
YEARS SAVED
$1,079
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,134
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1528 Cypress Garden Lane Garland, TX 3
- 3 beds 3 baths ∙ 2,540 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,540 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,080
- $0.82
-
3410 Knight Drive Rowlett, TX 1
- 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 2008
LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,850
- $0.84
-
7813 Glenview Way Rowlett, TX 2
- 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2008
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,895
- $0.83
-
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
-
3118 Grand Bay Drive Garland, TX 5
- 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 2017
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
PROPERTY LISTING DETAILS
Citiwide Properties Corp.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474762
Last Updated: 11/20/2020
