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414 Kingsbridge Circle Garland, TX 75040

3 Beds 2 Baths 2,347 sqft Built 1980

$317,500

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $135.28
  • 3 Days on Market
  • MLS # : 14459112
  • Updated Date : 11/01/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,347 sqft
  • Baths : 2 full
Listing Agent

Yvonne Flowers Real Estate

Listing Agent's Description

Tucked away in a quiet cul-de-sac, this 3 bedroom 2 bath home has multiple in and outdoor living areas, new carpet, new hard surface flooring, and newly installed HVAC. Kitchen has granite countertops, lots of cabinet space, Viking gas cooktop and vent hood, with an easy flow to living and dining areas. 8ft cedar board on board privacy fence on concrete, this nice sized back yard has a pool, 2 grass areas, large stone covered spot for chairs, metal storage building and a covered patio off the game room allowing for indoor and outdoor living. The oversized carport, 18'x21', has ample space for 2 cars, or space to work on a project out of your 9'x16' shop. Won't last long. Seller is a licensed Texas RE Broker.

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: Glenbrook

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $99k275k

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

Neighborhood: Glenbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9401841

* 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
 

$285,750$349,250$317,500

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,171
Property Tax -$746
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$310

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.

$317,500

PROJECTED PRICE

$1,870

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.9%
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

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$89,888

INVESTMENT

$89,888

Down Payment
$79,375
Rehab Estimate
$5,750
Closing Costs
$4,763

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,171

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,375
Loan Amount $238,125
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$864

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,901

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8703$1,8954$1,9455$1,975
$1,975
RENT COMPS ANALYSIS
  • 414 Kingsbridge Circle Garland, TX 2
    • 3 beds 2 baths ∙ 2,347 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,347 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.80
    •  
  • 402 Pebblecreek Drive Garland, TX 1
    • 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 1978
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 3013 Majestic Court Garland, TX 3
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1986
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
  • 2818 Naples Drive Garland, TX 4
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 1984
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.83
    •  
  • 2721 Grasmere Street Garland, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Yvonne Flowers
Yvonne Flowers Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459112
Last Updated: 11/01/2020
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