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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $154.55
- 2 Days on Market
- MLS # : 14478068
- Updated Date : 11/28/2020 at 16:00
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, new salt cell system and 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.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwest Carrollton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$621 | |
| Property Insurance | -$154 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$48
|
||
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.
$340,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
4.08
YEARS SAVED
$15,676
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,118
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1101 Seminole Trail Carrollton, TX 2
- 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $2,080
- $0.95
-
1235 Stillwater Trail Carrollton, TX 1
- 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1987
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,975
- $0.97
-
1033 Vestal Lane Carrollton, TX 3
- 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1996
![property image]()
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
![property image]()
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
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,295
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Central
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478068
Last Updated: 11/28/2020
