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4726 Duckcreek Drive Garland, TX 75043

3 Beds 2 Baths 1,477 sqft Built 1981

$245,999

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $166.55
  • 3 Days on Market
  • MLS # : 14496766
  • Updated Date : 01/08/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Sunshine Realtors Llc

Listing Agent's Description

Charming 3 bedroom 2 bath home nestled in an established treelined street across from the lush greenbelt with walking trail. This beautiful home has been completely remodeled. The living room has stunning vaulted ceilings, painted beams, new lightning. new laminate and ceramic tiles throughout, recessed lighting in the living room, kitchen, and bathrooms. Kitchen has new white shaker cabinets, ceramic backsplash and a beautiful bay window overlooking the yard. Large master bedroom with feature wall and barn doors. Master bathroom is adorned with tiled shower and dazzling tiled vanity wall with sconces. New garage door September 2020. Foundation repaired with warranty. This jewel will not last long.

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: Duck Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $86k243k

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

Neighborhood: Duck Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9141734

* 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
 

$221,399$270,599$245,999

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$854
Property Tax -$578
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
-$174

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$245,999

PROJECTED PRICE

$1,470

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 13.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,940

INVESTMENT

$70,940

Down Payment
$61,500
Rehab Estimate
$5,750
Closing Costs
$3,690

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$854

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,500
Loan Amount $184,499
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,365
1$1,3652$1,4003$1,4704$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 4726 Duckcreek Drive Garland, TX 3
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.00
    •  
  • 5026 Stagecoach Lane Garland, TX 1
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1972
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.98
    •  
  • 434 Clover Lane Garland, TX 2
    • 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1972
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.01
    •  
  • 4730 Duck Creek Drive Garland, TX 4
    • 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1982
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 4237 Foliage Drive Garland, TX 5
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1972
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
PROPERTY LISTING DETAILS
Precious Wyatt
Sunshine Realtors Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496766
Last Updated: 01/08/2021
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