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4430 Stirling Drive Garland, TX 75043

5 Beds 4 Baths 3,798 sqft Built 2001

$345,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $90.84
  • 8 Days on Market
  • MLS # : 14494974
  • Updated Date : 01/15/2021 at 14:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,798 sqft
  • Baths : 3 full , 1 half
Listing Agent

Vp Realty Services

Listing Agent's Description

STUNNING HOME with large backyard, and updated kitchen! Master suite downstairs with his and hers closets and sinks. Large garden tub for relaxation. Large open game room! 6TH Room could be used as a MEDIA ROOM or Bedroom! GRANITE COUNTERS and a NICE BACKSPLASH in the KITCHEN! New carpet throughout the house. Walking distance from elementary school and high school. Beautiful community pool. Lake is in walking distance. A lots of storage space. Multiple offers came through, please submit your best and highest by 6PM on Sunday Jan 17 2021. All offers will be reviewed.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Shores of Wellington

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $99k293k

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

Neighborhood: Shores of Wellington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9402071

* 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,198
Property Tax -$811
Property Insurance -$247
HOA -$45
Property Management Fees -$99
CASH FLOW
$330

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.

$345,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.79%

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) 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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$41,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $3,304

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,7303$4,500
$4,500
RENT COMPS ANALYSIS
  • 4430 Stirling Drive Garland, TX 2
    • 5 beds 4 baths ∙ 3,798 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,798 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.72
    •  
  • 4730 Parkhaven Drive Garland, TX 1
    • 4 beds 4 baths ∙ 3,819 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,819 Sqft ∙ Built 1996
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.58
    •  
  • 5222 Lake Terrace Court Garland, TX 3
    • 4 beds 4 baths ∙ 3,870 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,870 Sqft ∙ Built 2016
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Suresh Gupta
Vp Realty Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494974
Last Updated: 01/15/2021
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