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1129 San Saba Drive Carrollton, TX 75007

3 Beds 2 Baths 1,760 sqft Built 1994

$310,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $176.14
  • 4 Days on Market
  • MLS # : 14502893
  • Updated Date : 01/30/2021 at 14:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

The Wall Team Realty Assoc

Listing Agent's Description

RARE FIND! This beautiful MOVE-IN READY single story home nestled in the Riverview Estates subdivision offers PRIME location just minutes away from Hwy 121, I-35E, several golf courses, parks & more! Lewisville ISD! Welcoming entrance leads you to flex room that could be used as an office, dining room or second living room. Property features gorgeous flooring, views of the backyard, large windows for natural light and huge utility room with cabinets + sink! Kitchen has plenty of counter and cabinet space, dual sink & built in appliances. Relaxing owner's retreat is split from other bedrooms for privacy. Backyard seals the deal with board on board fence and patio, which is perfect for entertaining. A MUST SEE!

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: 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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,077
Property Tax -$566
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$69

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.

$310,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,954

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9403$1,9754$1,9905$1,999
$1,999
RENT COMPS ANALYSIS
  • 1129 San Saba Drive Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.10
    •  
  • 1308 Riley Drive Carrollton, TX 1
    • 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 1998
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 1329 Marken Court Carrollton, TX 3
    • 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,754 Sqft ∙ Built 1997
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.13
    •  
  • 3807 Branch Hollow Place Carrollton, TX 4
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1991
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.14
    •  
  • 4029 Brazos Drive Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1994
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.05
    •  
PROPERTY LISTING DETAILS
Laurie Wall
The Wall Team Realty Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502893
Last Updated: 01/30/2021
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