Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- . 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
* 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 | $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
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
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
-
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
The Wall Team Realty Assoc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502893
Last Updated: 01/30/2021
