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1101 Seminole Trail Carrollton, TX 75007

4 Beds 2 Baths 2,200 sqft Built 1986

$350,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $159.09
  • 4 Days on Market
  • MLS # : 14513122
  • Updated Date : 02/05/2021 at 09:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Central

Listing Agent's Description

Fantastic home on OVERSIZED corner lot with POOL, COVERED PATIO and plenty of PLAY SPACE plus storage shed in backyard! 10K gallon saltwater POOL features slide, control panel 2020. Other 2020 updates include pergola, mastic, some paint, light fixtures and ceiling fans; AC condenser unit 2013. Great floor plan features see through fireplace with gas logs, split secondary bedrooms from private master suite with garden tub, 2 living areas, flexible formal dining space and bonus room just off the kitchen. Full size utility space off the kitchen leads to the 2 car garage. Foundation has been repaired, drainage added, new salt water pool system &some rooms newly painted prior to this listing.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Northwest Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k361k

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

Neighborhood: Northwest Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262275

* 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
Hebron Valley Elementary School Primary Regular 600 38 8
Creek Valley Middle School Middle Regular 795 52 7
Hebron High School High Regular 2,458 138 7

Hebron Valley Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 38
8
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,216
Property Tax -$639
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
$32

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.

$350,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.9%
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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$18,719

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,118

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,1003$2,1404$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 1101 Seminole Trail Carrollton, TX 3
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.97
    •  
  • 1235 Stillwater Trail Carrollton, TX 1
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1987
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.97
    •  
  • 1033 Vestal Lane Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 3832 Rockbrook Drive Carrollton, TX 4
    • 3 beds 3 baths ∙ 2,357 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,357 Sqft ∙ Built 1993
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 1104 Shawnee Trail Carrollton, TX 5
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1988
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.98
    •  
PROPERTY LISTING DETAILS
Julie Acuna
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513122
Last Updated: 02/05/2021
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