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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $177.17
- 2 Days on Market
- MLS # : 14474229
- Updated Date : 11/28/2020 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,778 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Dallas Suburbs
Listing Agent's Description
WELCOME HOME to this beautifully updated and meticulously maintained home in Carrollton! Pride of Ownership is apparent throughout this 3 bdrm, 2.5 bath, 2 story home. Recently Updated open Kitchen with granite countertops, natural stone backsplash, designer fixtures and separate dining area. Charming 2 story brick fireplace separates the Dining and Living room with Vaulted ceilings and a wall of windows. Second story includes a large Master Suite with FULLY REMODELED private ensuite, 2 additional spacious bedrooms and full bath. Wood blinds and granite countertops throughout, Large landscaped backyard, Water Heater 2020, Roof 2018, and Foundation Repair with transferrable warranty. Hurry, this one won't last!
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: North Central Carrollton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Central Carrollton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$575 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$146
|
||
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.
$315,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
2.5
YEARS SAVED
$7,593
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,907
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
1205 Derby Run Carrollton, TX 2
- 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,820
- $1.02
-
1403 Golden Gate Drive Carrollton, TX 1
- 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1986
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,725
- $1.08
-
1521 Shonka Drive Carrollton, TX 3
- 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1983
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,890
- $1.08
-
1521 Ranchview Carrollton, TX 4
- 3 beds 4 baths ∙ 1,800 Sqft ∙ Built 1990 3 beds 4 baths ∙ 1,800 Sqft ∙ Built 1990
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,930
- $1.07
-
1106 Derby Run Carrollton, TX 5
- 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1986
LEASED 11/27/20- Rent
- Rent Per SQFT
- $1,940
- $1.06
PROPERTY LISTING DETAILS
Re/max Dallas Suburbs
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474229
Last Updated: 11/28/2020
