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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $124.70
- 3 Days on Market
- MLS # : 14481535
- Updated Date : 12/04/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,526 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
What a great find just in time for the new year! This spacious four bedroom, two and a half bath home in Charleston Commons has so much to offer. Kitchen boasts brand new Stainless steel appliances including side by side fridge! New granite countertops, new undercount sink and freshly painted, white cabinets. The kitchen overlooks the breakfast room and living room that has a wood burning fireplace and nice bright windows to the back yard. The master retreat is downstairs and offers two sinks, garden tub, separate shower and a large walk in closet. Upstairs you will find a gameroom, 3 good sized bedrooms and a full bath. Nestled in the Charleston Commons community close to schools, shopping and major roads!
SEE MORE
- 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: Charleston Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Charleston Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$741 | |
| Property Insurance | -$173 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$235
|
||
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.
$315,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
1.17
YEARS SAVED
$2,058
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,109
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
818 Green Pond Drive Garland, TX 2
- 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,960
- $0.78
-
2709 Ridgemeade Drive Garland, TX 1
- 4 beds 2 baths ∙ 2,381 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,381 Sqft ∙ Built 1996
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,950
- $0.82
-
2721 Grasmere Street Garland, TX 3
- 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1996
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,975
- $0.82
-
3608 Escabosa Drive Garland, TX 4
- 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2000
LEASED 11/12/20- Rent
- Rent Per SQFT
- $2,000
- $0.82
-
3717 Queenswood Lane Garland, TX 5
- 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1985
LEASED 12/19/19- Rent
- Rent Per SQFT
- $2,350
- $0.88
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481535
Last Updated: 12/04/2020
