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1123 Holly Drive Carrollton, TX 75010

3 Beds 2 Baths 1,911 sqft Built 1986

$309,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $162.17
  • 2 Days on Market
  • MLS # : 14501069
  • Updated Date : 01/16/2021 at 10:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,911 sqft
  • Baths : 2 full
Listing Agent

Angel, Realtors

Listing Agent's Description

FALL IN LOVE WITH THIS 3 BEDROOM, 2 BATHROOM WITH A GAME ROOM & OFFICE IN NORTH CARROLLTON! Two story house with so much light and good vibes. The kitchen is a chef's dream featuring a gas cooktop, nice cabinetry & granite countertops. The living room boasts towering ceilings & an eye-catching wood burning fireplace. The backyard offers a board on board fence and a nice patio to spark up the grill & enjoy a lovely evening gazing at the stars. Buyer to verify all info including, but not limited to, room dimensions, features, schools. Immediately greeted w designed tile entrance, fresh paint whole house! New carpet and many updates Formal living & dining room are perfect for entertaining.

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: North Central Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: North Central Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11112171

* 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
Polser Elementary School Primary Regular 466 31 5
Creek Valley Middle School Middle Regular 795 52 7
Hebron High School High Regular 2,458 138 7

Polser Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 31
5
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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,076
Property Tax -$566
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
-$79

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.

$309,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,092

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,968

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8753$1,9954$2,0955$2,150
$2,150
RENT COMPS ANALYSIS
  • 1123 Holly Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 1121 Emily Lane Carrollton, TX 2
    • 4 beds 3 baths ∙ 1,958 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,958 Sqft ∙ Built 1991
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.96
    •  
  • 4219 Wild Plum Drive Carrollton, TX 3
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1986
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 3948 Valez Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,094 Sqft ∙ Built 1996
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.00
    •  
  • 1121 Wild Cherry Drive Carrollton, TX 5
    • 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 1990
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.18
    •  
PROPERTY LISTING DETAILS
Juan Carlos Cruz
Angel, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501069
Last Updated: 01/16/2021
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