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1045 Rodin Lane Carrollton, TX 75006

4 Beds 4 Baths 2,456 sqft Built 2007

$339,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $138.40
  • 3 Days on Market
  • MLS # : 14467080
  • Updated Date : 11/06/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,456 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Two true Masters! One up and one down. Hardwood floors in formals and both Masters! Granite counter tops. Stainless Steel appliances. Freshly painted. Over sized closet in upstairs Master. Low maintenance backyard. Front yard maintained by HOA. HOA dues included in rent! Swimming pool and Club house in community!

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: 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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,254
Property Tax -$743
Property Insurance -$169
HOA -$83
Property Management Fees -$99
CASH FLOW
-$178

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.

$339,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.64%

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

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,296

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1703$2,2504$2,4505$2,495
$2,495
RENT COMPS ANALYSIS
  • 1045 Rodin Lane Carrollton, TX 2
    • 4 beds 4 baths ∙ 2,456 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,456 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.88
    •  
  • 1052 Alyssa Lane Carrollton, TX 1
    • 5 beds 4 baths ∙ 2,425 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,425 Sqft ∙ Built 2005
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
  • 2316 Janna Way Carrollton, TX 3
    • 4 beds 4 baths ∙ 2,530 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,530 Sqft ∙ Built 2013
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 2308 Janna Way Carrollton, TX 4
    • 3 beds 3 baths ∙ 2,604 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,604 Sqft ∙ Built 2009
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.94
    •  
  • 1004 Alyssa Lane Carrollton, TX 5
    • 4 beds 4 baths ∙ 2,458 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,458 Sqft ∙ Built 2014
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.02
    •  
PROPERTY LISTING DETAILS
Amyn Ahmed
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467080
Last Updated: 11/06/2020
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