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1504 Caldwell Circle Carrollton, TX 75010

3 Beds 2 Baths 1,777 sqft Built 1998

$329,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $185.65
  • 5 Days on Market
  • MLS # : 14516081
  • Updated Date : 03/13/2021 at 18:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,777 sqft
  • Baths : 2 full
Listing Agent

Epic National Realty, Llc

Listing Agent's Description

MULTIPLE OFFERS, DEADLINE MONDAY AT 11AM. Pride of ownership shows in this stunningly updated 3 bed, 2 bath home located on a cul-de-sac in the Lewisville ISD. This home has MANY amazing updates & features! New roof in 2020, mounted surround speakers, remote controlled window shades, tall ceilings & a flowing concept floorplan. The large Kitchen has SS appliances, 42in cabinets, quartz counters, breakfast nook & bar area which seats 3, all open to living area. Spacious master has plantation shutters & incredibly renovated master bath with tiled floors, marble mosaic walk in shower, dual sink vanity & WIC. Beautiful backyard updates! Stone paver patio with cedar pergola, gas stub for grill, a shade tree!

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: Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k404k

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

Neighborhood: Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262391

* 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,146
Property Tax -$602
Property Insurance -$130
HOA -$28
Property Management Fees -$99
CASH FLOW
-$84

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.

$329,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.7%
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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,004

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$1,9204$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1504 Caldwell Circle Carrollton, TX 3
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.08
    •  
  • 1306 Indian Lake Trail Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1993
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.03
    •  
  • 1308 Riley Drive Carrollton, TX 2
    • 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 3828 Harrison Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1996
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.19
    •  
  • 1821 Andress Drive Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1997
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
PROPERTY LISTING DETAILS
Jason Couch
Epic National Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516081
Last Updated: 03/13/2021
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