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1512 Bosque Drive Carrollton, TX 75010

3 Beds 2 Baths 2,064 sqft Built 1998

$349,786

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $169.47
  • 2 Days on Market
  • MLS # : 14485428
  • Updated Date : 12/12/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,064 sqft
  • Baths : 2 full
Listing Agent

Dfw Realty & Mortgage Group

Listing Agent's Description

Beautifully landscaped and quietly nestled on a Cul-De-Sac street. Tastefully Upgraded: Granite in Island Kitchen and both bathroom vanities! Modern glass backsplash in Kitchen with Stainless Steel appliances and gas cooktop. Frameless Master Shower door. Master shower with sitting area. Tiled and Accented walls in Master shower and Guest bath tub with glass backsplash behind vanities! Media Room with French doors could very easy be 4th bedroom! Front bedroom(Study) with French doors. Glass Accents around Fireplace and Art Niche! Wood and tiled floors throughout. No carpet in the entire home. 8 ft board-on-board fence. Tool Shed. Vaulted Ceilings. Relaxing backyard. Come and take a look. You'll fall in love.

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: 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
 

$314,807$384,765$349,786

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,291
Property Tax -$639
Property Insurance -$146
HOA -$28
Property Management Fees -$99
CASH FLOW
-$162

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.

$349,786

PROJECTED PRICE

$2,040

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-$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$98,443

INVESTMENT

$98,443

Down Payment
$87,447
Rehab Estimate
$5,750
Closing Costs
$5,247

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,447
Loan Amount $262,340
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,074

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9993$2,0004$2,0405$2,100
$2,100
RENT COMPS ANALYSIS
  • 1512 Bosque Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.99
    •  
  • 1235 Stillwater Trail Carrollton, TX 1
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1987
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.97
    •  
  • 4029 Brazos Drive Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1994
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.05
    •  
  • 1841 Stewart Drive Carrollton, TX 3
    • 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1997
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 1808 Garrett Drive Carrollton, TX 5
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1997
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
PROPERTY LISTING DETAILS
Amin Barrister
Dfw Realty & Mortgage Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485428
Last Updated: 12/12/2020
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