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PROPERTY INFO
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
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shores of Wellington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
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
-
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
Vp Realty Services
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14494974
Last Updated: 01/15/2021
