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

1022 Staffordshire Drive Carrollton, TX 75007

3 Beds 3 Baths 2,442 sqft Built 1984

$349,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $142.92
  • 2 Days on Market
  • MLS # : 14493703
  • Updated Date : 01/16/2021 at 09:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,442 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Single Story gem w-a great location in Woodgate Neighborhood in Carrollton! This 3-2-2 offers wonderful layout for entertaining! Great floorplan, with 2 large living areas, 2 dining areas & wet bar. Versatile second living area offers direct access to garage & features half bath. Could easily be 4th bedroom. Kitchen has granite counters and double oven. Large backyard with courtyard area perfect for an outside living space, offers entrance to master bedroom & both living areas. Convenient Location in Proximity to George Bush, I-35, SH-121, schools, shopping and just 2 miles from Frankford DART Rail Station. This Well-maintained home is ready for your decorating and updating ideas.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,212
Property Tax -$637
Property Insurance -$168
HOA -$4
Property Management Fees -$99
CASH FLOW
$59

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.

$349,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$20,707

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,216

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,005
1$2,0052$2,1003$2,1254$2,1255$2,180
$2,180
RENT COMPS ANALYSIS
  • 1022 Staffordshire Drive Carrollton, TX 5
    • 3 beds 3 baths ∙ 2,442 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,442 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.89
    •  
  • 1039 Creek Bend Carrollton, TX 1
    • 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1991
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,005
    • $0.94
    •  
  • 1519 Mission Ridge Trail Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1987
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 1020 Oxfordshire Drive Carrollton, TX 3
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1978
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.94
    •  
  • 1107 Wiltshire Drive Carrollton, TX 4
    • 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
    •  
PROPERTY LISTING DETAILS
Roni Henderson
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493703
Last Updated: 01/16/2021
BESbswy