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4626 Lincolnshire Drive Garland, TX 75043

3 Beds 2 Baths 1,962 sqft Built 2001

$265,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $135.07
  • 5 Days on Market
  • MLS # : 14482249
  • Updated Date : 01/07/2021 at 13:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,962 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Check out this wonderful home that is located on a spacious corner lot and close to Lake Ray Hubbard! Once you enter you will find an extremely efficient floorplan-3 bedrooms, 2 full baths, & 2 additional front rooms that can be an office, flex-room OR dining. The large backyard features an open patio and is ideal for family gatherings and entertainment. Kitchen has 42in raised panel cabinets, awesome pantry and is near the living room, providing an ideal area for entertaining! Enjoy the community pool, play area, and pavilion in Shores of Wellington. Easy access to I-30, located near schools, shopping and restaurants. UPDATES INCLUDE: roof, fence, windows and water heater.

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$920
Property Tax -$623
Property Insurance -$141
HOA -$45
Property Management Fees -$99
CASH FLOW
$12

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.

$265,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.69%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,844

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7503$1,8404$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 4626 Lincolnshire Drive Garland, TX 3
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.94
    •  
  • 4406 Alderney Drive Garland, TX 1
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2001
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.95
    •  
  • 4017 Aldenham Drive Garland, TX 2
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2002
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 4118 Wynford Street Garland, TX 4
    • 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 1996
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 4105 Maidstone Drive Garland, TX 5
    • 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2002
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
PROPERTY LISTING DETAILS
Deborah Branch
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482249
Last Updated: 01/07/2021
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