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

5212 Wyndham Court Garland, TX 75043

3 Beds 3 Baths 1,548 sqft Built 1993

$225,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $145.35
  • 5 Days on Market
  • MLS # : 14514858
  • Updated Date : 02/10/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full , 1 half
Listing Agent

Patricia Vaughn Real Estate

Listing Agent's Description

VERY NICE 2-STORY HOME LOCATED IN WINDSOR PARK. RESTAURANTS, SHOPPING AND LAKE RAY HUBBARD NEARBY! OPEN FLOOR PLAN WITH VAULTED CEILING AND FIREPLACE IN LIVING ROOM. LARGE KITCHEN WITH CENTER ISLAND. RECENT ROOF, RECENT FENCE AND GARAGE DOOR IN 2017-2018. TV ABOVE FIREPLACE, RUG IN LIVING AREA AND RUG IN UPSTAIRS SECONDARY BEDROOM WILL CONVEY WITH SALE.

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: Lakeview Windsor Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $99k243k

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

Neighborhood: Lakeview Windsor Park

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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$782
Property Tax -$529
Property Insurance -$117
HOA -$26
Property Management Fees -$99
CASH FLOW
-$32

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.

$225,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 12.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$7,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4503$1,5204$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 5212 Wyndham Court Garland, TX 3
    • 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,548 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.98
    •  
  • 5809 Ridgecove Drive Garland, TX 1
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1976
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.92
    •  
  • 5825 Ridgecove Drive Garland, TX 2
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1976
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
  • 5206 Wolverton Court Garland, TX 4
    • 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 1993
    property image
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 4918 Creekridge Lane Garland, TX 5
    • 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1986
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Patricia Vaughn
Patricia Vaughn Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514858
Last Updated: 02/10/2021
BESbswy