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

1310 Silver Maple Drive Carrollton, TX 75007

3 Beds 2 Baths 1,606 sqft Built 1985

$289,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $180.51
  • 3 Days on Market
  • MLS # : 14494975
  • Updated Date : 01/23/2021 at 16:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,606 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Absolutely adorable 3 bedroom, 2 bath home in highly desired Oak Hills! This home has nice high ceilings, updated lighting and is very open. The house has been painted with on trend colors and all baths and entry have wood look Shaw ceramic tile. You will enjoy laminate wood in a secondary bedroom. The HVAC system was replaced in 2019 and moved upstairs to the attic, so you have an additional closet for storage! The kitchen is huge and has loads of storage and counter space. Your main bedroom is huge with plenty of space and a nice walk in closet. 1310 Silver Maple feeds to Lewisville ISD and is in a great location to shopping and to hop on the highway and get anywhere in the DFW area!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
Polser Elementary School Primary Regular 466 31 5
Creek Valley Middle School Middle Regular 795 52 7
Hebron High School High Regular 2,458 138 7

Polser Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 31
5
GreatSchools Rating

Creek Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 52
7
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,007
Property Tax -$529
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$5

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.

$289,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7603$1,8004$1,9505$1,980
$1,980
RENT COMPS ANALYSIS
  • 1310 Silver Maple Drive Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.10
    •  
  • 1717 Southampton Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1978
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.06
    •  
  • 3905 Silver Maple Drive Carrollton, TX 3
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1986
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
  • 1321 River Birch Lane Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1985
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.09
    •  
  • 1327 E Branch Hollow Drive Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1986
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.11
    •  
PROPERTY LISTING DETAILS
Alison Smith
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494975
Last Updated: 01/23/2021
BESbswy