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2126 High Bluff Drive Garland, TX 75041

3 Beds 2 Baths 1,420 sqft Built 1983

$174,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $123.17
  • 2 Days on Market
  • MLS # : 14516523
  • Updated Date : 02/20/2021 at 17:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,420 sqft
  • Baths : 2 full
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

Welcome home to you cozy 3 BR & 2 BR corner lot home nestled in Garland! This energy efficient single story floorplan is a Perfect for first time buyers or downsizers who is handy making this property their Dream Home! The roof is already brand new installed. The foundation may need a little adjustments. Open floorplan, kitchen has granite countertops, space for bar seating, and breakfast nook. Ceramic tile throughout the home, huge backyard being on corner lot, great for family & pets!. 1 Car Garage enclosed but can be easily converted back. Close to old town Garland shops, stores, schools. Priced to sell quickly, bring your best offer soon!

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: High Meadow

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $72k243k

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

Neighborhood: High Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8641734

* 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
 

$157,410$192,390$174,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$608
Property Tax -$411
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$373

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.

$174,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.91%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 13.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,099

INVESTMENT

$52,099

Down Payment
$43,725
Rehab Estimate
$5,750
Closing Costs
$2,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$608

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $43,725
Loan Amount $131,175
See What Happens When You Reinvest Cash Flow

13.67

YEARS SAVED

$38,771

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,4954$1,5255$1,600
$1,600
RENT COMPS ANALYSIS
  • 2126 High Bluff Drive Garland, TX 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
  • 2502 High Hollow Drive Garland, TX 1
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1986
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.06
    •  
  • 906 High Country Drive Garland, TX 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1983
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.13
    •  
  • 2126 Highwood Drive Garland, TX 3
    • 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1983
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
  • 2110 High Summit Drive Garland, TX 4
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1983
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.14
    •  
PROPERTY LISTING DETAILS
Glenn Ramilo
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516523
Last Updated: 02/20/2021
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