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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $141.27
- 4 Days on Market
- MLS # : 14477845
- Updated Date : 12/04/2020 at 15:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,592 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
Absolute Perfection! You will love coming home to this adorable and affordable darling residence gently nestled on a dreamy lot with a sparking pool, fabulous deck, storage shed, extended patio and grassy area for pets to enjoy. This compact in size yet grand in functionality & charm home boasts an excellent floorplan that is perfect for modern family living & entertaining. You are welcomed by a spacious living room with gorgeous vaulted beamed ceiling and cozy fireplace. The chef in your family with enjoy the lovely kitchen with double ovens and elegant dining room with tray ceiling. There is a flex space that is perfect for an office, craft or playroom. Great size bedrooms & baths. No carpets in the house!
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: Lakeside Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeside Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$529 | |
| Property Insurance | -$119 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$57
|
||
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.
$224,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 10.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$65,349
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,225 |
| Loan Amount | $168,675 |
3.33
YEARS SAVED
$7,560
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,516
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
3313 Shoreside Drive Garland, TX 2
- 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,520
- $0.95
-
1928 Geary Street Garland, TX 1
- 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986
LEASED 12/11/19- Rent
- Rent Per SQFT
- $1,495
- $0.88
-
5010 Wordsworth Drive Garland, TX 3
- 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 1995
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
-
1913 Geary Street Garland, TX 4
- 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,700
- $1.00
-
1614 Knob Hill Drive Garland, TX 5
- 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1985
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,775
- $1.01
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477845
Last Updated: 12/04/2020
