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PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $173.31
- 2 Days on Market
- MLS # : 14442180
- Updated Date : 11/07/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,615 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty Plano
Listing Agent's Description
Absolutely stunning corner lot, in a desirable location across the park, in the highly sought after Carrollton-Farmers Branch ISD!! The cozy high-ceilings living room opens to a spacious manicured backyard w a cover patio and privacy fence, perfect for relaxing, and entertaining. This meticulously maintained and move-in ready single-story home features 3 bedrooms, 2 baths, renovated bathrooms, laminated wood floors, new carpet, fresh paint w neutral colors that work beautifully with any decor & an abundance of windows that fill the home with natural sunlight. Easy access to the golf course, parks, minutes away from Hwy 35, George Bush, 121, and DFW International Airport. THIS IS A TRUE GEM!
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 | $1,690 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$511 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$73
|
||
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.
$279,900
PROJECTED PRICE
$1,690
PROJECTED RENT
0.60%
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
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
3.58
YEARS SAVED
$10,638
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,793
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
1223 N Slope Carrollton, TX 1
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,690
- $1.05
-
2919 Sunset Point Lane Carrollton, TX 2
- 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1988
LEASED 12/04/19- Rent
- Rent Per SQFT
- $1,750
- $1.06
-
1004 Bellflower Court Carrollton, TX 3
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1983
LEASED 11/16/19- Rent
- Rent Per SQFT
- $1,750
- $1.13
-
2909 Hunters Point Lane Carrollton, TX 4
- 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,800
- $1.12
-
3105 Landover Drive Carrollton, TX 5
- 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1982
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,849
- $1.13
PROPERTY LISTING DETAILS
Coldwell Banker Realty Plano
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14442180
Last Updated: 11/07/2020
