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1608 Shadow Moss Way Carrollton, TX 75007

4 Beds 2 Baths 2,129 sqft Built 1982

$335,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $157.35
  • 6 Days on Market
  • MLS # : 14461137
  • Updated Date : 11/01/2020 at 17:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,129 sqft
  • Baths : 2 full
Listing Agent

Listing Spark

Listing Agent's Description

Beautifully updated home in the highly desirable Rosemeade Elementary neighborhood. Within the past two years, the homeowner has installed all new luxury vinyl plank flooring throughout the common areas & master bedroom and a new roof. A new cedar fence was just completed in the summer of 2020. Nest thermostat for conservative energy. This house is the definition of move-in ready. Located near the end of a quaint cul-de-sac in a very walkable area. The spacious living & dining room plus a large patio overlooking the backyard makes this home an entertainer's dream. Designer touches include a built-in wet bar, fireplace with gas logs, and modern light fixtures. Homes like this don't hit the market often.

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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,236
Property Tax -$612
Property Insurance -$150
Property Management Fees -$99
CASH FLOW
-$17

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.

$335,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.62%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,086

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9753$1,9754$2,0005$2,080
$2,080
RENT COMPS ANALYSIS
  • 1608 Shadow Moss Way Carrollton, TX 5
    • 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.98
    •  
  • 1814 Woodbury Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 1973
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 1509 Silverleaf Drive Carrollton, TX 2
    • 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 3
    • 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
    •  
  • 3189 Riverside Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 1995
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Aaron Jistel
Listing Spark
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461137
Last Updated: 11/01/2020
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