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2909 Becket Court Garland, TX 75044

5 Beds 5 Baths 3,891 sqft Built 1989

$675,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $173.48
  • 3 Days on Market
  • MLS # : 14462249
  • Updated Date : 11/01/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,891 sqft
  • Baths : 4 full , 1 half
Listing Agent

The Realty Associates

Listing Agent's Description

Charming home with stunning creek views from the formal living & dining rooms, floor-to-ceiling windows. Main living opens to kitchen & patio with a 2-story FP. The 1st-floor master suite opens onto a heated pool. A 2nd master suite & 3 additional bedrooms are on the 2nd floor. Plenty of storage (including a garden storage room just off of the porte-cochère). Class 4 roof, smart home features. Live surrounded by nature’s beauty, but close to everything! Community amenities include 140 acres of greenbelts & parks, a private stocked lake, a swim & tennis club, & bridle trails that connect to nearby horse stables. Home is on a cul-de-sac, 5 blocks from Sherrill Park Golf course & just mins from PGBT and Hwy 75.

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: Spring Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $99k404k

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

Neighborhood: Spring Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9402391

* 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
Big Springs Elementary School Primary Regular 387 28 8
Big Springs Elementary School Middle Regular 387 28 8
Berkner High School High Regular 2,494 174 4

Big Springs Elementary School

  • Education Level: Primary
  • # of students: 387
  • # of teachers: 28
8
GreatSchools Rating

Big Springs Elementary School

  • Education Level: Middle
  • # of students: 387
  • # of teachers: 28
8
GreatSchools Rating

Berkner High School

  • Education Level: High
  • # of students: 2,494
  • # of teachers: 174
4
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$2,490
Property Tax -$1,587
Property Insurance -$252
HOA -$82
Property Management Fees -$99
CASH FLOW
-$1,320

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.

$675,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$61

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,840

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,8003$2,9504$3,0005$3,190
$3,190
RENT COMPS ANALYSIS
  • 2909 Becket Court Garland, TX 5
    • 5 beds 5 baths ∙ 3,891 Sqft ∙ Built 1989 5 beds 5 baths ∙ 3,891 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $0.82
    •  
  • 4112 Tabernash Richardson, TX 1
    • 5 beds 4 baths ∙ 3,639 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,639 Sqft ∙ Built 2000
    property image
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.71
    •  
  • 2902 Wren Lane Richardson, TX 2
    • 5 beds 4 baths ∙ 4,221 Sqft ∙ Built 1990 5 beds 4 baths ∙ 4,221 Sqft ∙ Built 1990
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.66
    •  
  • 3117 Cedar Ridge Drive Richardson, TX 3
    • 5 beds 4 baths ∙ 4,133 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,133 Sqft ∙ Built 2001
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.71
    •  
  • 3109 Cedar Ridge Drive Richardson, TX 4
    • 5 beds 5 baths ∙ 3,552 Sqft ∙ Built 2000 5 beds 5 baths ∙ 3,552 Sqft ∙ Built 2000
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Troy Perkins
The Realty Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462249
Last Updated: 11/01/2020
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