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1222 Magnolia Drive 
Carrollton, TX
75007
3 Beds 3 Baths 2,192 sqft
Built 1984
INVESTimate
$345,000
List Price
$97,175
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $157.39
- 3 Days on Market
- MLS # : 14419707
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,192 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives Metroplex
Listing Agent's Description
This beautiful cul-de-sac home is meticulously upgraded. It has 3 br, 2.5 bath and very spacious living areas perfect for gatherings. This house has 2 stone fire place in the living area and master bedroom. Kitchen has granite counter top and access to a nice conservatory room with a sky light that gives the place natural light. This house has so much character and warmth it will make you want to stay. This house has tons of upgrades from the bathrooms, kitchen, it also has lots of newly replaced mechanical items such as HVAC, new roof, new microwave, new automatic kitchen faucet,new smooke detectors, new security, and light fixtures. It also has new paint and floors. It is a steal. Check it to believe it!
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: Woodgate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodgate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,130 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$630 | |
| Property Insurance | -$154 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$26
|
||
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.
$345,000
PROJECTED PRICE
$2,130
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.78% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
4.42
YEARS SAVED
$17,879
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,187
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1222 Magnolia Drive Carrollton, TX 4
- 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $2,130
- $0.97
-
3313 Hillpark Lane Carrollton, TX 1
- 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1991
![property image]()
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,950
- $0.95
-
1203 Cambridge Drive Carrollton, TX 2
- 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1992
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
1020 Oxfordshire Drive Carrollton, TX 3
- 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1978
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,125
- $0.94
-
1509 Santa Fe Trail Carrollton, TX 5
- 4 beds 2 baths ∙ 2,193 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,193 Sqft ∙ Built 1993
![property image]()
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,350
- $1.07
PROPERTY LISTING DETAILS
Realty Executives Metroplex
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419707
Last Updated: 08/25/2020
