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1045 Chickasaw Drive Carrollton, TX 75010

5 Beds 4 Baths 3,165 sqft Built 2012

$449,500

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $142.02
  • 3 Days on Market
  • MLS # : 14508483
  • Updated Date : 01/29/2021 at 04:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,165 sqft
  • Baths : 3 full , 1 half
Listing Agent

Leap Property Management

Listing Agent's Description

Beautiful 2 story home featuring 5 beds, 3.5 baths in desirable Estates of Indian Creek with stone front elevation. Master downstairs with second master suite, another full bath, 3 bedrooms up & game room up! Open floorplan with large kitchen, tile, hardwood & carpet flooring, corner fireplace & wrought iron staircase. Gas cooktop, SS appliances, 42in cabinets, granite countertops, HUGE island, walk-in pantry & Undermount sink. Convenient location just a stone's throw away from walking and jogging trail with pond and minutes from DFW Airport & Hwy 121! ***$5,000 flooring allowance for carpet replacement***

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: Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k404k

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

Neighborhood: Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262391

* 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
Coyote Ridge Elementary School Primary Regular 614 42 6
Creek Valley Middle School Middle Regular 795 52 7
Hebron High School High Regular 2,458 138 7

Coyote Ridge Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 42
6
GreatSchools Rating

Creek Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 52
7
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$404,550$494,450$449,500

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$1,561
Property Tax -$821
Property Insurance -$210
HOA -$50
Property Management Fees -$99
CASH FLOW
$49

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.

$449,500

PROJECTED PRICE

$2,790

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.7%
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$15k

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$124,868

INVESTMENT

$124,868

Down Payment
$112,375
Rehab Estimate
$5,750
Closing Costs
$6,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,561

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,375
Loan Amount $337,125
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$23,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,967

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,7903$2,8004$3,1505$3,150
$3,150
RENT COMPS ANALYSIS
  • 1045 Chickasaw Drive Carrollton, TX 2
    • 5 beds 4 baths ∙ 3,165 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,165 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $0.88
    •  
  • 4413 Ramona Street Carrollton, TX 1
    • 5 beds 3 baths ∙ 2,984 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,984 Sqft ∙ Built 2002
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
  • 1309 Sioux Street Carrollton, TX 3
    • 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2014
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.91
    •  
  • 1020 River Rock Way Carrollton, TX 4
    • 4 beds 4 baths ∙ 3,262 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,262 Sqft ∙ Built 2016
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.97
    •  
  • 1031 River Rock Way Carrollton, TX 5
    • 4 beds 4 baths ∙ 3,319 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,319 Sqft ∙ Built 2015
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kristin Brinch
Leap Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508483
Last Updated: 01/29/2021
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