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5433 Deep Canyon Drive Garland, TX 75043

3 Beds 2 Baths 1,575 sqft Built 1981

$230,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $146.03
  • 4 Days on Market
  • MLS # : 14518591
  • Updated Date : 03/05/2021 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Epps Realty, Llc

Listing Agent's Description

Just walking distance to the lake in this beautiful well built home. Features include ceramic tile in wet areas, wet bar, fireplace, covered porch, wood fence, double sinks in master bath, and landscaped yard. Brand new roof installed March 3, 2021. Pictures are before the new roof was put on. House backs up to creek for more privacy. Selling house as-is. Listing Agent is related to seller. All information provided by sellers to the best of their knowledge and deemed reliable but not guaranteed. Buyer and buyers agent to verify all information provided. We have multiple offers. Please send highest and best offer by Sunday, March 7th at 5:00PM

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Anchor Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $99k243k

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

Neighborhood: Anchor Point

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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$799
Property Tax -$541
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
-$17

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.

$230,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$8,440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,6003$1,6954$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 5433 Deep Canyon Drive Garland, TX 1
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.98
    •  
  • 4918 Creekridge Lane Garland, TX 2
    • 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1986
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 4921 Freeport Drive Garland, TX 3
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1983
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 5221 Hollow Bend Lane Garland, TX 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1984
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.00
    •  
  • 4910 Kelso Lane Garland, TX 5
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1986
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
PROPERTY LISTING DETAILS
Debbie Aleman
Epps Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518591
Last Updated: 03/05/2021
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