Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1516 Broken Bow Trail Carrollton, TX 75007

4 Beds 3 Baths 3,402 sqft Built 1995

$425,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $124.93
  • 3 Days on Market
  • MLS # : 14532262
  • Updated Date : 03/12/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,402 sqft
  • Baths : 3 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Great location with quick access to Bush, 121 or 35. Beautifully updated and meticulously maintained home. Fabulous drive-up appeal. Huge bedrooms. Granite countertops. Lots of windows and natural lights. Gas log fireplace.

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: Timbercreek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k363k

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

Neighborhood: Timbercreek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262333

* 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
E.l. Kent Elementary School Primary Regular 398 26 9
Charles M. Blalack Middle School Middle Regular 942 60 7
Creekview High School High Regular 1,964 124 7

E.l. Kent Elementary School

  • Education Level: Primary
  • # of students: 398
  • # 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,476
Property Tax -$776
Property Insurance -$224
Property Management Fees -$99
CASH FLOW
-$25

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.

$425,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,713

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,4953$2,5504$2,7905$2,799
$2,799
RENT COMPS ANALYSIS
  • 1516 Broken Bow Trail Carrollton, TX 3
    • 4 beds 3 baths ∙ 3,402 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,402 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.75
    •  
  • 3528 Sweetspring Drive Carrollton, TX 1
    • 4 beds 3 baths ∙ 3,324 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,324 Sqft ∙ Built 1998
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.75
    •  
  • 3917 Legacy Trail Carrollton, TX 2
    • 5 beds 4 baths ∙ 3,067 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,067 Sqft ∙ Built 2000
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.81
    •  
  • 3301 Hillpark Lane Carrollton, TX 4
    • 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 1991
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $0.81
    •  
  • 1436 Brookside Drive Carrollton, TX 5
    • 4 beds 4 baths ∙ 3,428 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,428 Sqft ∙ Built 1999
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,799
    • $0.82
    •  
PROPERTY LISTING DETAILS
Amyn Ahmed
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532262
Last Updated: 03/12/2021
BESbswy