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2112 Garden Crest Lane Dallas, TX 75232

4 Beds 2 Baths 2,272 sqft Built 1994

$252,974

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $111.34
  • 2 Days on Market
  • MLS # : 14467649
  • Updated Date : 11/07/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,272 sqft
  • Baths : 2 full
Listing Agent

Lifestyles Realty Dallas, Inc

Listing Agent's Description

Welcome home to a spacious yet private retreat perfect for a busy family. Upgrades include new paint, carpet, fixtures, framed mirrors, rear storm door, stainless steel appliances and granite countertops throughout. Enjoy the oversized master with a gorgeous bay window sitting area and a master bathroom that features his and her closets, separate granite countertop spaces, and a serene skylight. This amazing property is located in a quiet cul-de-sac and features a thoughtful floor plan with versatile living and dining spaces, separate bedrooms, a built in desk ideal for virtual school or home office, tons of storage, and two large fenced yards your pets will love.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Woodland Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Woodland Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Birdie Alexander Elementary School Primary Regular 407 29 4
William Hawley Atwell Law Academy Middle Magnet 834 68 2
David W. Carter High School High Regular 1,040 64 2

Birdie Alexander Elementary School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 29
4
GreatSchools Rating

William Hawley Atwell Law Academy

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 68
2
GreatSchools Rating

David W. Carter High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 64
2
GreatSchools Rating
 

$227,677$278,271$252,974

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$933
Property Tax -$600
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
-$141

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.

$252,974

PROJECTED PRICE

$1,650

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.9%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,788

INVESTMENT

$72,788

Down Payment
$63,244
Rehab Estimate
$5,750
Closing Costs
$3,795

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,244
Loan Amount $189,731
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,288

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,6504$1,675
$1,675
RENT COMPS ANALYSIS
  • 2112 Garden Crest Lane Dallas, TX 3
    • 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
  • 7706 Lost Mirage Drive Dallas, TX 1
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 1974
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.70
    •  
  • 2836 Trailhouse Drive Dallas, TX 2
    • 3 beds 3 baths ∙ 2,097 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,097 Sqft ∙ Built 2003
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.71
    •  
  • 2727 Tranquil Way Dallas, TX 4
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2002
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.75
    •  
PROPERTY LISTING DETAILS
Ana Ortiz
Lifestyles Realty Dallas, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467649
Last Updated: 11/07/2020
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