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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $179.61
- 4 Days on Market
- MLS # : 14492628
- Updated Date : 01/02/2021 at 16:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,976 sqft
- Baths : 2 full , 1 half
Listing Agent
Summit, Realtors
Listing Agent's Description
Charming home in the heart of Carrollton fairly new home with Master suite located on bottom floor. Kitchen features gorgeous granite counter tops, sleek black appliances, good size breakfast area and walk-in pantry. Upstairs has 2 good size bedrooms separated by a Jack and Jill bathroom separate vanity. Upstairs incorporates a great bonus loft, could be used as Living room or game room. Backyard is populated with secured 7' x 9' Shed. Buyers Agent to verify all information including School and Room measurements. Tenants have Lease valid up to June 30th 2021.
SEE MORE
- # 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)
PRICE & RENT TRENDS
Neighborhood: Bluffview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bluffview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,309 |
| Property Tax | -$775 | |
| Property Insurance | -$141 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$380
|
||
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.
$354,900
PROJECTED PRICE
$2,020
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$99,799
LOAN DETAILS
$1,309
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,725 |
| Loan Amount | $266,175 |
0.42
YEARS SAVED
$541
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,030
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
1016 Kyan Lane Carrollton, TX 2
- 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $2,020
- $1.02
-
2204 Ashwood Court Carrollton, TX 1
- 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1993
![property image]()
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,700
- $0.99
-
1203 Cambridge Drive Carrollton, TX 3
- 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1992
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
1600 Blackstone Drive Carrollton, TX 4
- 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 1994
![property image]()
LEASED 07/17/19- Rent
- Rent Per SQFT
- $2,195
- $1.03
-
1025 Rodin Lane Carrollton, TX 5
- 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2005
![property image]()
LEASED 11/12/20- Rent
- Rent Per SQFT
- $2,295
- $1.06
PROPERTY LISTING DETAILS
Summit, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492628
Last Updated: 01/02/2021
