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1714 San Francisco Street Carrollton, TX 75007

3 Beds 2 Baths 1,602 sqft Built 1985

INVESTimate

$265,000

List Price

$1,720

$1,548 - $1,892

Rent Est.

$287,260  ( +8.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $165.42
  • 3 Days on Market
  • MLS # : 14417952
  • Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,602 sqft
  • Baths : 2 full
Listing Agent

Universal Realty. Inc

Listing Agent's Description

Move in Ready 3 beds 2 baths. New Granite counter throughout in kitchen and both bathrooms. Clean and easy to maintain new Vinyl floors. Light and bright. Windows at every turn. Easy access to GB and 121. You have to take a look at the Master suite and bath. Charming beautiful home. Private backyard. Interior Repainted in 2020. Popcorn removed ceilings! New cooktop oven and microwave.

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
Annie Heads Rainwater Elementary School Primary Regular 419 24 8
Charles M. Blalack Middle School Middle Regular 942 60 7
Creekview High School High Regular 1,964 124 7

Annie Heads Rainwater Elementary School

  • Education Level: Primary
  • # of students: 419
  • # of teachers: 24
8
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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$978
Property Tax -$484
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$40

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.

$265,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.40%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,068

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7253$1,8004$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 1714 San Francisco Street Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.07
    •  
  • 1710 San Francisco Street Carrollton, TX 2
    • 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1985
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.04
    •  
  • 1615 Kingspoint Drive Carrollton, TX 3
    • 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 1986
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
  • 3002 Sierra Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1986
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 3149 Riverside Drive Carrollton, TX 5
    • 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 1995
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.11
    •  
PROPERTY LISTING DETAILS
Toan Didion
Universal Realty. Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417952
Last Updated: 08/25/2020
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