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1723 Paxton Drive Carrollton, TX 75007

4 Beds 2 Baths 2,008 sqft Built 1983

$309,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $154.33
  • 3 Days on Market
  • MLS # : 14474619
  • Updated Date : 11/20/2020 at 23:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,008 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

What a Beautifully Updated Home! Come see this ready to move into 4 bedroom, 2 Living Area one story, just in time for the holidays. Great floorplan offering pretty wood beamed ceilings, bay windows, granite and subway tile in kitchen, wonderful oversized frameless shower in master bath, travertine-accented handiwork, framed mirror & undermount sinks in the secondary bath, fresh paints, and more. Take a look at the prettiest of yards, with the mature live oak, updated front stone border landscaping. An 8' privacy board on board wood fence with steel posts. Approx 8' x 10' Covered Back Patio and a charming cobblestone open patio extension. Put this on your list to show!!!

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: 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
Dale B. Davis Elementary School Primary Regular 586 31 7
Charles M. Blalack Middle School Middle Regular 942 60 7
Creekview High School High Regular 1,964 124 7

Dale B. Davis Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 31
7
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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,143
Property Tax -$566
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
$29

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.

$309,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.64%

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-$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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,013

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$2,0003$2,0004$2,0255$2,100
$2,100
RENT COMPS ANALYSIS
  • 1723 Paxton Drive Carrollton, TX 1
    • 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.99
    •  
  • 3169 Riverside Drive Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1999
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 3189 Riverside Drive Carrollton, TX 3
    • 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
    •  
  • 3704 Standridge Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 1978
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.96
    •  
  • 1831 Chamberlain Drive Carrollton, TX 5
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1974
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kathy Kiefer
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 #: 14474619
Last Updated: 11/20/2020
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