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

1007 Staffordshire Drive Carrollton, TX 75007

4 Beds 3 Baths 2,727 sqft Built 1984

$420,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $154.02
  • 3 Days on Market
  • MLS # : 14506277
  • Updated Date : 02/05/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,727 sqft
  • Baths : 3 full
Listing Agent

Re/max Pinnacle Group Realtors

Listing Agent's Description

Gorgeous Woodgate property with hand-scraped hardwood floors, plantation shutters, beautiful wood trim, designer colors & many updates. The roomy kitchen features SS appliances & granite countertops. Swanky master bath boasts of granite counter tops, a garden tub, spacious separate shower, 2 walk-in closets, & dual vanity area. Guest suite is split from the others, making a great in-law suite. A delightful sunroom makes a great playroom. Escape to your backyard retreat, hidden behind a decorative fence, to a sparkling pool & a new deck with room for a table & chairs. The roof was replaced in the latter part of 2018, & a new AC was installed in 2016. Easy access to Bush turnpike, shopping & entertainment.

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: Woodgate

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k358k

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

Neighborhood: Woodgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262225

* 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
E.l. Kent Elementary School Primary Regular 398 26 9
Charles M. Blalack Middle School Middle Regular 942 60 7
Creekview High School High Regular 1,964 124 7

E.l. Kent Elementary School

  • Education Level: Primary
  • # of students: 398
  • # of teachers: 26
9
GreatSchools Rating

Charles M. Blalack Middle School

  • Education Level: Middle
  • # of students: 942
  • # of teachers: 60
7
GreatSchools Rating

Creekview High School

  • Education Level: High
  • # of students: 1,964
  • # of teachers: 124
7
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,459
Property Tax -$767
Property Insurance -$185
HOA -$4
Property Management Fees -$99
CASH FLOW
-$63

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.

$420,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,475

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,125
1$2,1252$2,4003$2,4504$2,6955$2,700
$2,700
RENT COMPS ANALYSIS
  • 1007 Staffordshire Drive Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
  • 1107 Wiltshire Drive Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1978
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.85
    •  
  • 1409 Hollow Ridge Drive Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1998
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 1015 Clinton Street Carrollton, TX 4
    • 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1984
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.98
    •  
  • 1429 Indian Springs Carrollton, TX 5
    • 5 beds 3 baths ∙ 2,895 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,895 Sqft ∙ Built 1997
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
John Pollock
Re/max Pinnacle Group Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506277
Last Updated: 02/05/2021
BESbswy