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3825 English Oak Drive Garland, TX 75043

4 Beds 3 Baths 2,461 sqft Built 2004

INVESTimate

$269,900

List Price

$1,910

$1,719 - $2,101

Rent Est.

$298,374  ( +10.55%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $109.67
  • 5 Days on Market
  • MLS # : 14418654
  • Updated Date : 08/22/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jeanette Anderson Real Estate

Listing Agent's Description

Welcome Home! Two story with four bedrooms, two full baths and a guest bathroom. This home is in a great location with a huge backyard, with covered patio for grilling or just hanging out with family or friends. Includes split bedrooms with master down, separate shower and tub and large walk in closet. The kitchen opens up to the living room with a breakfast bar and breakfast area. There is a separate dining room for those special times with family. The upstairs includes three bedrooms, a full bath and game room. This is a great home in a great location just waiting for you to add your special touches. Schedule a tour today!

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: Rustic Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $99k253k

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

Neighborhood: Rustic Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9401838

* 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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$996
Property Tax -$638
Property Insurance -$169
HOA -$30
Property Management Fees -$99
CASH FLOW
-$22

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.

$269,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.71%

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$11,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,006

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9103$1,9504$1,9505$2,135
$2,135
RENT COMPS ANALYSIS
  • 3825 English Oak Drive Garland, TX 2
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.78
    •  
  • 3614 English Oak Drive Garland, TX 1
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2003
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 5833 Macgregor Drive Garland, TX 3
    • 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,400 Sqft ∙ Built 2005
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.81
    •  
  • 4026 Silktree Drive Garland, TX 4
    • 5 beds 4 baths ∙ 2,276 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,276 Sqft ∙ Built 2000
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 4017 Guthrie Road Garland, TX 5
    • 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2000
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,135
    • $0.80
    •  
PROPERTY LISTING DETAILS
Kim Reasor
Jeanette Anderson Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418654
Last Updated: 08/22/2020
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