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1513 Bellflower Drive Carrollton, TX 75007

3 Beds 2 Baths 1,929 sqft Built 1983

$349,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $181.39
  • 3 Days on Market
  • MLS # : 14496430
  • Updated Date : 01/08/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,929 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Immaculately kept, like-new single story, on huge cul-de-sac lot and great curb appeal, Mahogany door and new windows. Open-concept with 2 flex living spaces, luxury vinyl flooring and Chicago brick gas fireplace. Gutted kit. has custom cabinetry, soft-close features, pull-out storage and drawers, granite sink, gas range, ss appliances, and granite. Adjacent dining, coffee bar, 2nd pantry, and mudroom make entertaining easy. Spacious master! En-suite has double sinks, jetted tub and stunning walk-in shower. Updated secondary bath and guest rooms. Large laundry with custom drying racks. Patio overlooks huge yard with room for a pool. 2-car garage, extended carport and 40' driveway. CFB-ISD and great location!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,215
Property Tax -$639
Property Insurance -$139
Property Management Fees -$99
CASH FLOW
-$212

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.

$349,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.54%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,953

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,9403$1,9754$1,9755$2,075
$2,075
RENT COMPS ANALYSIS
  • 1513 Bellflower Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.97
    •  
  • 1106 Derby Run Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1986
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.06
    •  
  • 1509 Silverleaf Drive Carrollton, TX 3
    • 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,021 Sqft ∙ Built 1983
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.98
    •  
  • 3102 Sugarbush Lane Carrollton, TX 4
    • 3 beds 2 baths ∙ 2,029 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,029 Sqft ∙ Built 1983
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.97
    •  
  • 3252 Sugarbush Drive Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 1983
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $1.04
    •  
PROPERTY LISTING DETAILS
Katherine Allen
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496430
Last Updated: 01/08/2021
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