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

1352 W Branch Hollow Drive Carrollton, TX 75007

4 Beds 4 Baths 2,303 sqft Built 1997

$359,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $156.27
  • 4 Days on Market
  • MLS # : 14507371
  • Updated Date : 01/30/2021 at 08:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,303 sqft
  • Baths : 3 full , 1 half
Listing Agent

New Century Real Estate

Listing Agent's Description

BEST and FINAL offers due by Sunday, Jan 31st at 12Noon. Beautiful home in the Riley Ranch subdivision of Carrollton. 4 full bedrooms with 3 full and 1 half bath. Master bedroom is downstairs with private bath. Second bedroom upstairs, also with private bath. Many upgrades including custom paint, designer fixtures, new carpet, stainless steel appliances, and many more. Large, open floorplan with huge kitchen. Refrigerator and Microwave included with accepted offer. Game Room upstairs with 3 additional bedrooms and 2 full bathrooms. Fenced back yard. Easy access to HWY 121, George Bush Turnpike, and HWY 35E. Located very close to shopping, groceries, restaurants, and entertainment.

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: Northwest Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k361k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Northwest Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262275

* 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
Hebron Valley Elementary School Primary Regular 600 38 8
Creek Valley Middle School Middle Regular 795 52 7
Hebron High School High Regular 2,458 138 7

Hebron Valley Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 38
8
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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,250
Property Tax -$657
Property Insurance -$160
Property Management Fees -$99
CASH FLOW
-$106

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.

$359,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,587

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,251

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,1953$2,2954$2,3505$2,350
$2,350
RENT COMPS ANALYSIS
  • 1352 W Branch Hollow Drive Carrollton, TX 1
    • 4 beds 4 baths ∙ 2,303 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,303 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.89
    •  
  • 1317 Riley Drive Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1998
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.95
    •  
  • 1104 Shawnee Trail Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1988
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.98
    •  
  • 3969 Legacy Trail Carrollton, TX 4
    • 3 beds 2 baths ∙ 2,376 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,376 Sqft ∙ Built 2000
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
  • 3904 Indian Oaks Lane Carrollton, TX 5
    • 3 beds 2 baths ∙ 2,376 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,376 Sqft ∙ Built 2000
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sonu M Varkey
New Century Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507371
Last Updated: 01/30/2021
BESbswy