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1403 Ranchview Court Carrollton, TX 75007

3 Beds 3 Baths 1,699 sqft Built 1990

$279,990

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $164.80
  • 5 Days on Market
  • MLS # : 14464102
  • Updated Date : 11/04/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

LOCATION, LOCATION, LOCATION! This rare find on a cul de sac lot in the well sought after Rosemeade addition located in the CFB school district. You are close to the neighborhood schools, Rosemeade recreation center, and water park. This is a must-see with an updated master bathroom with dual sinks, a separate tub, and shower. The living room has a focal point with the beautiful wood burning fireplace with new wood-like tile flooring and vaulted ceilings. The kitchen is equipped with a stainless steel oven and plenty of cabinet space. Amazing backyard with a covered patio.

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: 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
Rosemeade Elementary School Primary Regular 444 26 9
Charles M. Blalack Middle School Middle Regular 942 60 7
Creekview High School High Regular 1,964 124 7

Rosemeade Elementary School

  • Education Level: Primary
  • # of students: 444
  • # of teachers: 26
9
GreatSchools Rating

Charles M. Blalack Middle School

  • Education Level: Middle
  • # of students: 942
  • # of teachers: 60
7
GreatSchools Rating

Creekview High School

  • Education Level: High
  • # of students: 1,964
  • # of teachers: 124
7
GreatSchools Rating
 

$251,991$307,989$279,990

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,033
Property Tax -$511
Property Insurance -$125
Property Management Fees -$99
CASH FLOW
$121

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.

$279,990

PROJECTED PRICE

$1,890

PROJECTED RENT

0.68%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$79,947

INVESTMENT

$79,947

Down Payment
$69,998
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,998
Loan Amount $209,993
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$28,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8904$1,8905$1,930
$1,930
RENT COMPS ANALYSIS
  • 1403 Ranchview Court Carrollton, TX 4
    • 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.11
    •  
  • 1004 Bellflower Court Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1983
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
  • 1201 Derby Run Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1990
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.16
    •  
  • 1521 Shonka Drive Carrollton, TX 3
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1983
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.08
    •  
  • 1521 Ranchview Carrollton, TX 5
    • 3 beds 4 baths ∙ 1,800 Sqft ∙ Built 1990 3 beds 4 baths ∙ 1,800 Sqft ∙ Built 1990
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.07
    •  
PROPERTY LISTING DETAILS
Megan Manganilla
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464102
Last Updated: 11/04/2020
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