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1829 Amber Lane Carrollton, TX 75007

4 Beds 4 Baths 3,447 sqft Built 2004

$439,900

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $127.62
  • 4 Days on Market
  • MLS # : 14505022
  • Updated Date : 01/28/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,447 sqft
  • Baths : 3 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful property in desirable Moore Farms community. Spacious home features a flexible floor plan w soaring ceilings, formal areas & den. Open kitchen w granite countertops, tile flooring, rich cabinetry, large pantry & breakfast area. Expansive den w fireplace adjoins study area which is ideal for home office or playroom. Spacious primary suite down w luxurious bath featuring sep shower & soaking tub. HUGE walk-in closet. Three ample sized bdrms up along w two full baths. Ideal floor plan for busy family. Easily maintained back yard w patio. Updates include fully repainted interior, newly installed luxury vinyl plank flooring and carpet, new roof -Nov 2020- and recent foundation work w transferable warranty.

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: The Homestead

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k399k

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

Neighborhood: The Homestead

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262559

* 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
Homestead Elementary School Primary Regular 597 42 8
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Homestead Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 42
8
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$1,528
Property Tax -$803
Property Insurance -$226
HOA -$50
Property Management Fees -$99
CASH FLOW
$364

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.

$439,900

PROJECTED PRICE

$3,070

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$52,231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,042

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,8903$2,9794$3,0705$3,300
$3,300
RENT COMPS ANALYSIS
  • 1829 Amber Lane Carrollton, TX 4
    • 4 beds 4 baths ∙ 3,447 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,447 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.89
    •  
  • 2508 Sir Percival Lane Lewisville, TX 1
    • 3 beds 3 baths ∙ 3,125 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,125 Sqft ∙ Built 1999
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.86
    •  
  • 4344 Falcon Lane Carrollton, TX 2
    • 4 beds 3 baths ∙ 3,390 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,390 Sqft ∙ Built 2014
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.85
    •  
  • 4328 Falcon Lane Carrollton, TX 3
    • 4 beds 3 baths ∙ 3,402 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,402 Sqft ∙ Built 2014
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,979
    • $0.88
    •  
  • 4329 Whitewing Road Carrollton, TX 5
    • 4 beds 4 baths ∙ 3,496 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,496 Sqft ∙ Built 2014
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kevin Curran
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505022
Last Updated: 01/28/2021
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