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

1205 Jeanette Way Carrollton, TX 75006

4 Beds 3 Baths 3,173 sqft Built 1990

$375,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $118.18
  • 3 Days on Market
  • MLS # : 14462888
  • Updated Date : 11/01/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,173 sqft
  • Baths : 2 full , 1 half
Listing Agent

Paragon Realtors

Listing Agent's Description

Carrollton Charmer!! Featuring over 3100sqft, this 2-story traditional home offers a dramatic entry with 2 story ceiling and curved staircase to 2nd level. The family room has a 2 story ceiling, wet bar, built in shelves and a gas log fireplace. The large kitchen provides ample cabinet storage, stainless appliances, a center island and breakfast bar. All bedrooms are on the 2nd level. The owners suite is large enough to accommodate a sitting area has a large walk in closet and 2 additional small closets. The owners suite bathroom is stylishly updated with separate vanities, garden size soaking tub and separate shower with glass surround. The backyard features an open patio, wood privacy fence and storage shed.

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: Savoy of Josey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $122k326k

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

Neighborhood: Savoy of Josey Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262176

* 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
R.e. Good Elementary School Primary Regular 592 35 5
Dewitt Perry Middle School Middle Regular 1,049 64 5
Newman Smith High School High Regular 1,973 126 6

R.e. Good Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 35
5
GreatSchools Rating

Dewitt Perry Middle School

  • Education Level: Middle
  • # of students: 1,049
  • # of teachers: 64
5
GreatSchools Rating

Newman Smith High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 126
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,384
Property Tax -$819
Property Insurance -$211
Property Management Fees -$99
CASH FLOW
-$112

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,401

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2953$2,4004$2,495
$2,495
RENT COMPS ANALYSIS
  • 1205 Jeanette Way Carrollton, TX 3
    • 4 beds 3 baths ∙ 3,173 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,173 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 2709 Spyglass Drive Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 1984
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 1801 S Crest Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 1976
    property image
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 1205 Laguna Court Carrollton, TX 4
    • 4 beds 3 baths ∙ 3,269 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,269 Sqft ∙ Built 1990
    property image
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.76
    •  
PROPERTY LISTING DETAILS
Tony Nuncio
Paragon Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462888
Last Updated: 11/01/2020
BESbswy