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905 Pyramid Drive Garland, TX 75040

3 Beds 2 Baths 1,856 sqft Built 1980

$265,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

$75,975

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+12.4%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.9%
Cash Flow	-$84
Value Increase	$33,627

10 YEAR

Cash On Cash	-2.8%
Total Return	15.6%

PROPERTY INFO

January 08, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1980
Price/Sqft : $142.78
3 Days on Market
MLS # : 14495290
Updated Date : 01/08/2021 at 19:00

CONSTRUCTION

Beds : 3
Floor Size : 1,856 sqft
Baths : 2 full

Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Beautifully updated home in North Garland, just minutes from PGBT. New Carpet, Vinyl floors & marble in bathrooms. Gorgeous kitchen has granite countertops, upgraded fixtures, mosaic backsplash & expanded pantry w-second pantry in utility rm. Fresh interior paint throughout. First floor primary bedroom with enlarged walk-in closet. Downstairs bath has custom shower w-bench. Large secondary bedrooms are up with beautiful Jack & Jill bath. Roof replaced in 2017.

905 Pyramid Dr

Garland, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

# 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)
. Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

Neighborhood: Carriagehouse

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

Neighborhood: Carriagehouse

* 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

GreatSchools Rating

Classical Center At Brandenburg Middle School

Education Level: Middle
# of students: 1,158
# of teachers: 64

GreatSchools Rating

Sachse High School

Education Level: High
# of students: 2,859
# of teachers: 159

GreatSchools Rating

FINANCIALS

Learn how to read this

$238,500$291,50000$265,000

PURCHASE PRICE

$1,593$1,94700$1,770

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,770
EXPENSES	Loan Payment	-$920
	Property Tax	-$623
	Property Insurance	-$134
	Property Management Fees	-$99




CASH FLOW -$7

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.

$265,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.74%
Appreciation Year (1-5)	12.4%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$75,975

Down Payment	$66,250
Rehab Estimate	$5,750
Closing Costs	$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$66,250
Loan Amount	$198,750

See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$9,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,770
LIST RENT
$0.95
LIST RENT PER SQFT

$1,763
COMP ESTIMATED VALUE
$0.95
COMP AVG. RENT PER SQFT

Comps Range

$1,599

1$1,5992$1,6003$1,7504$1,7705$1,795

$1,795

RENT COMPS ANALYSIS

1,856
PROPERTY SQFT
$0.95
AVG RENT PER SQFT
$1,763
ESTIMATED VALUE
$1,770
LIST RENT

905 Pyramid Drive Garland, TX 5

3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1980
Price

Price Per SQFT

$265,000

$142.78
2502 Redbrook Drive Garland, TX 1

3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1983
SOLD 10/07/20
Price

Price Per SQFT

$189,900

$101.23
1921 Vine Drive Garland, TX 2

3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1980
SOLD 08/19/20
Price

Price Per SQFT

$195,000

$99.74
1618 Northview Circle Garland, TX 3

3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1973
SOLD 11/03/20
Price

Price Per SQFT

$199,000

$115.90
905 Cardigan Street Garland, TX 4

3 beds 3 baths ∙ 2,004 Sqft ∙ Built 1971 3 beds 3 baths ∙ 2,004 Sqft ∙ Built 1971
SOLD 09/20/20
Price

Price Per SQFT

$220,000

$109.78

905 Pyramid Drive Garland, TX 4

3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1980
Rent

Rent Per SQFT

$1,770

$0.95
2526 Meadow Lane Garland, TX 1

3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1985
LEASED 02/11/20
Rent

Rent Per SQFT

$1,599

$0.88
2521 Denmark Drive Garland, TX 2

3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1974
LEASED 11/10/20
Rent

Rent Per SQFT

$1,600

$0.94
1214 Meandering Way Garland, TX 3

3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1975
LEASED 08/10/20
Rent

Rent Per SQFT

$1,750

$0.98
2934 Mars Drive Garland, TX 5

3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1983
LEASED 06/27/20
Rent

Rent Per SQFT

$1,795

$1.00

PROPERTY LISTING DETAILS

Patty Turner
Keller Williams Rockwall

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495290
Last Updated: 01/08/2021

905 Pyramid Drive Garland, TX 75040

$265,000

$1,770

$75,975

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Hillside Academy For Excel

Classical Center At Brandenburg Middle School

Sachse High School

FINANCIALS

$238,500$291,50000$265,000

$1,593$1,94700$1,770

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$265,000

$1,770

0.67%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$920

3.92

$9,863

$265,000

$142.78

$197,966

$106.66

COMPS RANGE

PRICE COMPS ANALYSIS

$1,770

$0.95

$1,763

$0.95

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS