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4305 Gulls Landing Circle Garland, TX 75043

5 Beds 5 Baths 4,063 sqft Built 2020

$539,198

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $132.71
  • 6 Days on Market
  • MLS # : 14462531
  • Updated Date : 10/29/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,063 sqft
  • Baths : 4 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14462531 - Built by Gallery Custom Homes - December completion! ~ This 5 bedroom 4.5 bathroom plan includes a large 2 car tandem garage, perfect for extra storage, a covered patio, and a powder room downstairs.. Enjoy a spacious master bedroom as well as two vanities in the master bath and beautiful curved stairs leading to the media and game room upstairs. Additional features include extensive trim work, custom architectural detail throughout, tile floors in all wet areas, gutters, security system and so much more!

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: Shores

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k303k

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

Neighborhood: Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9402209

* 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
 

$485,278$593,118$539,198

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,989
Property Tax -$1,268
Property Insurance -$262
HOA -$24
Property Management Fees -$99
CASH FLOW
-$802

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$539,198

PROJECTED PRICE

$2,840

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 3.00%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,887

INVESTMENT

$144,887

Down Payment
$134,800
Rehab Estimate
$2,000
Closing Costs
$8,088

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,800
Loan Amount $404,399
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$21

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,844

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,840
1$2,8402$2,9503$2,975
$2,975
RENT COMPS ANALYSIS
  • 4305 Gulls Landing Circle Garland, TX 1
    • 5 beds 5 baths ∙ 4,063 Sqft ∙ Built 2020 5 beds 5 baths ∙ 4,063 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.70
    •  
  • 3209 Redcliff Lane Garland, TX 2
    • 5 beds 4 baths ∙ 4,231 Sqft ∙ Built 2013 5 beds 4 baths ∙ 4,231 Sqft ∙ Built 2013
    property image
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.70
    •  
  • 4521 Hummingbird Lane Garland, TX 3
    • 5 beds 4 baths ∙ 4,262 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,262 Sqft ∙ Built 2016
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.70
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462531
Last Updated: 10/29/2020
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