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3605 Escabosa Drive Garland, TX 75040

4 Beds 3 Baths 2,490 sqft Built 2000

$339,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $136.51
  • 5 Days on Market
  • MLS # : 14461494
  • Updated Date : 10/30/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,490 sqft
  • Baths : 2 full , 1 half
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

Charming home in Garland estates of the enclave manor subdivision in a nice quiet neighborhood on a Cul-de-Sac. Very spacious living room with vaulted ceiling. Freshly painted and move-in ready!! This home boasts a gracious living area and large family room with a gas lite burning fireplace. Open floor plan stunning laminate floors with new carpet and stainless steel appliances, which makes the place home ready. The spacious layout features all bedrooms on the first floor and master bedroom with 2 walk-in closets, and ceiling fans in all the rooms. A large backyard and stone patio for outdoor is great for relaxing. Close to shopping and restaurants, Fire Wheel Center, golf and HWY 190

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: 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
 

$305,910$373,890$339,900

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 -$1,254
Property Tax -$799
Property Insurance -$171
HOA -$25
Property Management Fees -$99
CASH FLOW
-$298

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.

$339,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.60%

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

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,406

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
  • $0.82

    LIST RENT PER SQFT
  • $2,036

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9754$2,0505$2,350
$2,350
RENT COMPS ANALYSIS
  • 3605 Escabosa Drive Garland, TX 4
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.82
    •  
  • 5013 Bellerive Court Garland, TX 1
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 1997
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 2709 Ridgemeade Drive Garland, TX 2
    • 4 beds 2 baths ∙ 2,381 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,381 Sqft ∙ Built 1996
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 2721 Grasmere Street Garland, TX 3
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1996
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.82
    •  
  • 3717 Queenswood Lane Garland, TX 5
    • 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1985
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
PROPERTY LISTING DETAILS
Arunesh Vivek
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461494
Last Updated: 10/30/2020
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