Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3 Knightsbridge Court Garland, TX 75043

3 Beds 2 Baths 2,664 sqft Built 1998

INVESTimate

$329,000

List Price

$1,790

$1,611 - $1,969

Rent Est.

$363,710  ( +10.55%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $123.50
  • 9 Days on Market
  • MLS # : 14414390
  • Updated Date : 08/21/2020 at 22:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,664 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Beautiful drive up appeal to this home in prestigious Kensington Gardens! Enter and be greeted by the elegant Formal Dining with room to seat the whole family. Second living area can be used as an office or study. Spacious kitchen features custom cabinetry with great storage space, large center island, gas cook top & double ovens, walk-in pantry. Kitchen opens up to the family room, fireplace and plenty of room for entertaining. Oversized master suite with sitting area with view of back yard. Built for handicap & wheelchair access, Master bath is equipped with a huge handicap shower & jetted tub, double sinks & vanity. Covered patio & open patio great for entertaining family & friends. Oversized garage.

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: Keningston Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $99k370k

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

Neighborhood: Keningston Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9402361

* 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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,214
Property Tax -$773
Property Insurance -$181
HOA -$29
Property Management Fees -$99
CASH FLOW
-$507

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$329,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.55%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$14

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,898

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8503$1,8954$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 3 Knightsbridge Court Garland, TX 1
    • 3 beds 2 baths ∙ 2,664 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,664 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.67
    •  
  • 1817 Cartman Road Garland, TX 2
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2001
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.68
    •  
  • 1821 Cartman Road Garland, TX 3
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2001
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 3102 Westshore Drive Rowlett, TX 4
    • 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1995
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
  • 1222 Mackey Street Garland, TX 5
    • 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 2001
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
PROPERTY LISTING DETAILS
Robert Bishop
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414390
Last Updated: 08/21/2020
BESbswy