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3313 Enclave Court Garland, TX 75040

4 Beds 3 Baths 2,737 sqft Built 2001

$349,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $127.84
  • 4 Days on Market
  • MLS # : 14492807
  • Updated Date : 01/02/2021 at 12:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,737 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lone Star Realty Group, Llc

Listing Agent's Description

*** Multiple offers received. Please submit your best offer before 5PM Monday, January 4th. Move-in ready 4 bedroom, 2.5 bath, with a huge game room upstairs. Walk into walls of mirrors in foyer, formal dining room, living room, family room, and game room. Fresh paint. New carpet. New vinyl flooring in family room. Ready for new owners.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: The Enclave

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $99k324k

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

Neighborhood: The Enclave

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9402117

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,291
Property Tax -$823
Property Insurance -$185
HOA -$26
Property Management Fees -$99
CASH FLOW
-$374

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.

$349,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

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$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8503$2,0004$2,0505$2,200
$2,200
RENT COMPS ANALYSIS
  • 3313 Enclave Court Garland, TX 4
    • 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,737 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.75
    •  
  • 618 S Crested Cove Drive Garland, TX 1
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2002
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.72
    •  
  • 1422 Guildford Street Garland, TX 2
    • 4 beds 3 baths ∙ 2,597 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,597 Sqft ∙ Built 1981
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.71
    •  
  • 3608 Escabosa Drive Garland, TX 3
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 906 Crested Cove Drive Garland, TX 5
    • 5 beds 3 baths ∙ 2,917 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,917 Sqft ∙ Built 2000
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
PROPERTY LISTING DETAILS
Don Nguyen
Lone Star Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492807
Last Updated: 01/02/2021
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