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PROPERTY INFO
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
- . 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 | $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
| 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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
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
-
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
New Century Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507371
Last Updated: 01/30/2021
