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1209 Derby Run Carrollton, TX 75007

5 Beds 2 Baths 2,611 sqft Built 1990

$335,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $128.30
  • 5 Days on Market
  • MLS # : 14461095
  • Updated Date : 11/01/2020 at 09:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,611 sqft
  • Baths : 2 full
Listing Agent

Joe Cloud & Associates

Listing Agent's Description

Charming one & a half story home in heart of Carrollton! Home boasts 5 bedrooms, 2 baths, spacious kitchen with tons of cabinets & countertop space. Home has recently had new luxury vinyl plank installed, updated paint, & newer carpet! Open foyer greets you upon entry as you make your way into oversized family room with built ins & cozy brick fireplace. Master bedroom is just off of the formal dining & kitchen. The secondary bedrooms on first floor are separate from master, great for privacy! Cozy space just outside breakfast room makes a comfortable sitting area or could be functional office space. 2 rooms upstairs make this home a great match for your growing family! Brand new roof, gutters & exterior paint!

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
Rosemeade Elementary School Primary Regular 444 26 9
Charles M. Blalack Middle School Middle Regular 942 60 7
Creekview High School High Regular 1,964 124 7

Rosemeade Elementary School

  • Education Level: Primary
  • # of students: 444
  • # of teachers: 26
9
GreatSchools Rating

Charles M. Blalack Middle School

  • Education Level: Middle
  • # of students: 942
  • # of teachers: 60
7
GreatSchools Rating

Creekview High School

  • Education Level: High
  • # of students: 1,964
  • # of teachers: 124
7
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,236
Property Tax -$644
Property Insurance -$178
Property Management Fees -$99
CASH FLOW
$273

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.

$335,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.73%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$46,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,396

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,4004$2,4305$2,695
$2,695
RENT COMPS ANALYSIS
  • 1209 Derby Run Carrollton, TX 4
    • 5 beds 2 baths ∙ 2,611 Sqft ∙ Built 1990 5 beds 2 baths ∙ 2,611 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.93
    •  
  • 1005 Creek Bend Road Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1993
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
  • 1008 Janus Drive Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1994
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 3612 Chimney Rock Drive Carrollton, TX 3
    • 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1993
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
  • 1015 Clinton Street Carrollton, TX 5
    • 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1984
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.98
    •  
PROPERTY LISTING DETAILS
Joe Cloud
Joe Cloud & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461095
Last Updated: 11/01/2020
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