Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4814 Lakeway Drive Garland, TX 75043

4 Beds 3 Baths 2,912 sqft Built 2016

$379,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $130.15
  • 5 Days on Market
  • MLS # : 14490020
  • Updated Date : 12/23/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,912 sqft
  • Baths : 3 full
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

Beautiful 2016 Built Two story home close to Lake Ray Hubbard. This home offers Four bedrooms, 3 baths, and 3 living areas. Kitchen has been completely upgraded showcasing custom cabinets,Granite countertops, stainless steel appliances, and walk-in pantry. 2 Bed Room and 2 Bath in First floor. The large backyard with covered patio is perfect for entertaining. GREAT LOCATION .This Home is one of a kind! Won't last long.

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: South Garland

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: South Garland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9401734

* 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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,398
Property Tax -$891
Property Insurance -$195
HOA -$28
Property Management Fees -$99
CASH FLOW
-$431

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.

$379,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.6%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,184

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1354$2,1805$2,295
$2,295
RENT COMPS ANALYSIS
  • 4814 Lakeway Drive Garland, TX 4
    • 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.75
    •  
  • 5202 Graham Drive Garland, TX 1
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2002
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 4801 Jon Boat Drive Garland, TX 2
    • 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2014
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 4017 Guthrie Road Garland, TX 3
    • 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2000
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,135
    • $0.80
    •  
  • 4323 Kettering Drive Garland, TX 5
    • 4 beds 3 baths ∙ 3,156 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,156 Sqft ∙ Built 2002
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.73
    •  
PROPERTY LISTING DETAILS
Roy Koshy
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490020
Last Updated: 12/23/2020
BESbswy