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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $143.67
- 5 Days on Market
- MLS # : 14479988
- Updated Date : 12/02/2020 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,983 sqft
- Baths : 2 full
Listing Agent
Better Homes & Gardens, Winans
Listing Agent's Description
COMPLETLEY REMODELED!! Stunning like new home. Too many upgrades to mention everything.Kitchen and bathrooms complete remodels. Granite counters, SS appliances, high end wood flooring ,all new int ext paint, light fixtures.New windows throughout .All new duct work and 16 inches of Owens Cornin insulation in attic.Electrical updates and wireless garage door opener.Great floor plan with open LR kitchen ,dedicated dining room plus breakfast plus 4 generous sized bedrooms .bedroom 4 would make great office space.Inviting brick fireplace with white washed custom brick finishes.Roof is just 3 years old. HVAC 16 seer Trane top of line. Dont miss this gem
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Castlewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Castlewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,051 |
| Property Tax | -$670 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$292
|
||
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.
$284,900
PROJECTED PRICE
$1,670
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,249
LOAN DETAILS
$1,051
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,225 |
| Loan Amount | $213,675 |
0.42
YEARS SAVED
$506
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,775
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2139 Mcintosh Drive Garland, TX 1
- 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,670
- $0.84
-
1613 Audrey Drive Garland, TX 2
- 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2001
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,750
- $0.89
-
2313 Heather Ridge Lane Garland, TX 3
- 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1994
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,795
- $0.94
-
1613 Lone Hollow Court Garland, TX 4
- 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 2002
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,800
- $0.88
-
2213 Edinburgh Way Garland, TX 5
- 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 1991
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,850
- $0.87
PROPERTY LISTING DETAILS
Better Homes & Gardens, Winans
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479988
Last Updated: 12/02/2020
