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

5014 Sandestin Court Garland, TX 75044

4 Beds 3 Baths 2,622 sqft Built 1996

$379,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $144.89
  • 2 Days on Market
  • MLS # : 14520311
  • Updated Date : 02/27/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,622 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Beautiful home in highly desired Firewheel Estates with a POOL and SPA! This home has a bright open floor plan with wood look ceramic tile, updated kitchen, 4 oversized bedrooms upstairs, and much more. The oversized master suite has room for seating, oversized garden tub, dual sinks and large walk in closet. The outdoor retreat offers a large covered patio, immaculate pool and spa, lush landscaping, shade trees, and ample yard space to play!

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: Firewheel Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $99k365k

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

Neighborhood: Firewheel Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9402330

* 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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,320
Property Tax -$893
Property Insurance -$179
HOA -$37
Property Management Fees -$99
CASH FLOW
-$377

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.

$379,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,255

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,1954$2,1955$2,400
$2,400
RENT COMPS ANALYSIS
  • 5014 Sandestin Court Garland, TX 2
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 3608 Escabosa Drive Garland, TX 1
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 209 Saddlebrook Drive Garland, TX 3
    • 4 beds 2 baths ∙ 2,409 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,409 Sqft ∙ Built 1996
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.91
    •  
  • 950 Green Pond Drive Garland, TX 4
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2003
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.83
    •  
  • 5917 Harbor Town Drive Garland, TX 5
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1994
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Heather Shubzda
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520311
Last Updated: 02/27/2021
BESbswy