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1113 Elk Trail Carrollton, TX 75007

4 Beds 3 Baths 2,807 sqft Built 1992

$439,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $156.39
  • 2 Days on Market
  • MLS # : 14496980
  • Updated Date : 01/09/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,807 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crawford And Company, Realtors

Listing Agent's Description

Ready for New owners. No need to look any further. House looks amazing Day and Night has everything needed for Family fun. Plenty of room for entertaining has Outdoor kitchen, bar area, refrigerator, grill, covered patio with heater. Pool shows amazing at night multi color pool lights add extra touch. Great drive up appeal landscaping and newish single pane windows. Nice extended backyard with gated wood fence. Home has 3 living areas two downstairs with one large game room upstairs. Kitchen looks Fantastic with updated Appliances. The backyard has built in Tv and sound system controlled from game room. Washer Dryer Refrigerator are negotiable. This home has too many upgrades to list. A Must see property.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Hunter's Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k367k

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

Neighborhood: Hunter's Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262317

* 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
 

$395,100$482,900$439,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,525
Property Tax -$801
Property Insurance -$189
HOA -$17
Property Management Fees -$99
CASH FLOW
-$341

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.

$439,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
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-$10k-$8.0k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,359

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,484

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,3503$2,3504$2,5005$2,599
$2,599
RENT COMPS ANALYSIS
  • 1113 Elk Trail Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.82
    •  
  • 1440 Ector Drive Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2000
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.87
    •  
  • 1321 Pawnee Trail Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 1993
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
  • 3945 Luke Lane Carrollton, TX 4
    • 5 beds 3 baths ∙ 2,875 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,875 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 3528 Cimarron Drive Carrollton, TX 5
    • 4 beds 4 baths ∙ 2,830 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,830 Sqft ∙ Built 2000
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kristine Crawford
Crawford And Company, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496980
Last Updated: 01/09/2021
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