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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $149.42
- 2 Days on Market
- MLS # : 14490639
- Updated Date : 12/26/2020 at 18:54
CONSTRUCTION
- Beds : 3
- Floor Size : 2,509 sqft
- Baths : 2 full , 1 half
Listing Agent
Global Realty
Listing Agent's Description
Location, Location, Location!!! Close to GBH & 75 Central. Gorgeous home with 3-Bedrooms, 3-Living areas, downstairs study by half bath could be 4th bedroom. Vaulted ceilings, lots of natural light, tons of new upgrades. Roomy & upgraded kitchen has Granit Countertops & New Appliances, Also the kitchen has lots of cabinets & center island, open to Den & Breakfast; huge utility, butler's pantry. Upstairs has a big Game Room; Master has private sitting area, big closet, jetted tub, separate shower & his-n-hers vanities. Bedroom 2 has own vanity & big walk in closet. Roof is only 5-Years old. New AC System (less 2-Years old). New Vinyl floors, new paint & Custom made Blinds throughout the house...Wont last long.
SEE MORE
- . 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: Estates of Shiloh Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estates of Shiloh Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,383 |
| Property Tax | -$881 | |
| Property Insurance | -$172 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$435
|
||
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.
$374,900
PROJECTED PRICE
$2,110
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,099
LOAN DETAILS
$1,383
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
0.33
YEARS SAVED
$281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,133
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
5614 Remington Drive Garland, TX 3
- 3 beds 3 baths ∙ 2,509 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,509 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,110
- $0.84
-
5714 Wyrick Lane Garland, TX 1
- 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,177 Sqft ∙ Built 1983
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,850
- $0.85
-
5217 Glen Vista Drive Garland, TX 2
- 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1992
LEASED 10/25/20- Rent
- Rent Per SQFT
- $2,100
- $0.79
-
6922 Clear Springs Circle Garland, TX 4
- 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1990
LEASED 09/24/20- Rent
- Rent Per SQFT
- $2,200
- $0.85
-
7034 Clear Springs Circle Garland, TX 5
- 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 1992
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,348
- $0.91
PROPERTY LISTING DETAILS
Global Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490639
Last Updated: 12/26/2020
