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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $129.09
- 2 Days on Market
- MLS # : 14518325
- Updated Date : 02/20/2021 at 17:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,076 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Inviting, wide open floorplan with Real Hardwood Floors and Ceramic Tile. Complemented with an architectural design. Front office space with French doors and floating shelves. Covered back patio backs up to green space, bringing additional privacy. As well as, the Master bedroom being on opposite wing of the house. Superior curb appeal with clean and well maintained landscaping. Windows galour with 2 inch faux wood blinds throughout. All brick exterior with exception to the chimney surround. Dark Charcoal colored Composition 30yr roof replaced less than one year ago. Survey available. Buyers and Buyers agent to verify schools and dimensions.
SEE MORE
- 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: Rustic Oaks Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rustic Oaks Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$931 |
| Property Tax | -$630 | |
| Property Insurance | -$147 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$187
|
||
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.
$268,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.62%
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
$76,770
LOAN DETAILS
$931
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,000 |
| Loan Amount | $201,000 |
1.25
YEARS SAVED
$1,570
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,791
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
3805 English Oak Drive Garland, TX 1
- 3 beds 2 baths ∙ 2,076 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,076 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,650
- $0.79
-
5802 Blue Oak Drive Garland, TX 2
- 4 beds 2 baths ∙ 2,240 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,240 Sqft ∙ Built 2004
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,890
- $0.84
-
4029 Mulberry Drive Garland, TX 3
- 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,214 Sqft ∙ Built 2002
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,895
- $0.86
-
3817 English Oak Drive Garland, TX 4
- 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2003
LEASED 11/14/20- Rent
- Rent Per SQFT
- $1,895
- $0.90
-
3626 English Oak Drive Garland, TX 5
- 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2002
LEASED 01/24/21- Rent
- Rent Per SQFT
- $1,900
- $0.85
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518325
Last Updated: 02/20/2021
