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1349 Jeanette Way Carrollton, TX 75006

4 Beds 3 Baths 2,430 sqft Built 1987

$369,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $152.22
  • 1 Days on Market
  • MLS # : 14430743
  • Updated Date : 01/24/2021 at 00:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,430 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Welcome to this wonderful two story home located on a corner lot. Inviting entry with closet. Living room with high ceilings and fireplace is open to dining room. Bedroom with private bath located downstairs. Galley kitchen with refrigerator is open to breakfast room.Pantry. Master bedroom suite with fireplace. Skylights. Bedroom with large walk-in closet can be used for craft room, third bedroom can be study and loft with built-in bookcases are located upstairs. Backyard with patio is inviting for family gatherings with outdoor closet for storage. Separate area is great for vegetable garden. Hardy Board siding. Garage with shelving. Washer & Dryer to remain. Near Josey Ranch Athletic Complex & WJ Thomas Park.

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: 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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,285
Property Tax -$808
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
-$159

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.

$369,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.59%

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

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,278

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2954$2,3505$2,495
$2,495
RENT COMPS ANALYSIS
  • 1349 Jeanette Way Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 1306 Osceola Trail Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1989
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 1308 Cannes Drive Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 1989
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.90
    •  
  • 1408 Tierra Calle Carrollton, TX 4
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 1974
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.01
    •  
  • 1312 Osceola Trail Carrollton, TX 5
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 1988
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.97
    •  
PROPERTY LISTING DETAILS
Suzanne Ussery
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14430743
Last Updated: 01/24/2021
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