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801 Royal Birkdale Drive Garland, TX 75044

4 Beds 4 Baths 3,056 sqft Built 1987

$479,900

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $157.04
  • 3 Days on Market
  • MLS # : 14540381
  • Updated Date : 03/26/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,056 sqft
  • Baths : 2 full , 2 half
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

Beautifully updated home in Fire Wheel Farms on the golf course! This custom home has been completely renovated on the interior. Updates include paint, floors, LED lighting throughout with Smart Home integration, Wi-Fi sprinkler system, updated kitchen appliances, updated bathrooms & the roof was replaced in 2018. There are views of the golf course from every room in the back of the home and from the balcony over the covered patio! The pool plaster was replaced in 2018 & features Wi-Fi controlled pool equipment, tanning ledge, bubblers & hot tub. There are also Safety gates & a separate enclosed play yard, perfect for games, pets & kids! This is a must see home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Firewheel Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $99k358k

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

Neighborhood: Firewheel Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9402236

* 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
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,667
Property Tax -$1,128
Property Insurance -$204
HOA -$4
Property Management Fees -$99
CASH FLOW
-$662

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.

$479,900

PROJECTED PRICE

$2,440

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.5%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$18

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,460

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3953$2,3954$2,4005$2,440
$2,440
RENT COMPS ANALYSIS
  • 801 Royal Birkdale Drive Garland, TX 5
    • 4 beds 4 baths ∙ 3,056 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,056 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.80
    •  
  • 4128 Elk Springs Trail Richardson, TX 1
    • 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2000
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.79
    •  
  • 329 Saddlebrook Drive Garland, TX 2
    • 5 beds 5 baths ∙ 3,142 Sqft ∙ Built 1998 5 beds 5 baths ∙ 3,142 Sqft ∙ Built 1998
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.76
    •  
  • 5313 Deer Brook Road Garland, TX 3
    • 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 1997
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
  • 5917 Harbor Town Drive Garland, TX 4
    • 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 Poehler
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540381
Last Updated: 03/26/2021
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