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1016 Kyan Lane Carrollton, TX 75006

3 Beds 3 Baths 1,976 sqft Built 2012

$354,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Bluffview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Mccoy Elementary School Primary Regular 422 28 10
Ted Polk Middle School Middle Regular 1,100 64 4
Newman Smith High School High Regular 1,973 126 6

Mccoy Elementary School

  • Education Level: Primary
  • # of students: 422
  • # of teachers: 28
10
GreatSchools Rating

Ted Polk Middle School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 64
4
GreatSchools Rating

Newman Smith High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 126
6
GreatSchools Rating
 

$319,410$390,390$354,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

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
$1,700
1$1,7002$2,0203$2,1004$2,1955$2,295
$2,295
RENT COMPS ANALYSIS
  • 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
Zafar Waliany
Summit, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492628
Last Updated: 01/02/2021
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