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1922 Pinecrest Drive 
Carrollton, TX
75010
3 Beds 3 Baths 1,939 sqft
Built 1987
INVESTimate
$299,000
List Price
$84,985
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PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $154.20
- 3 Days on Market
- MLS # : 14419581
- Updated Date : 08/24/2020 at 09:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,939 sqft
- Baths : 2 full , 1 half
Listing Agent
Bradford Reese Realty
Listing Agent's Description
STRIKING DRIVE-UP ON HANDSOME CUL-DE-SAC OF LOW-MAINTENANCE-LOT 2-STORY HOMES NEAR MAJOR COMMUTE ROUTES, ADDISON ENTERTAINMENT & BUSINESS CENTERS. FLEXIBLE PLAN CURRENTLY USING 3RD BDRM AS LOFT AND 2-CAR GARAGE AS FLEX ROOM. UPGRADED OVERSIZED TILE AND WOOD FLOORING - UPDATED FIXTURES IN CERAMIC AND GLASS-TILED BATHS. RECENTLY REPLACED FLAT-TOP RANGE AND DISHWASHER IN KITCHEN LARGE ENOUGH FOR BREAKFAST AREA. JUST ENOUGH GRASS AND PATIO AREA! STORAGE SHED WITH ELECTRICITY.
SEE MORE
- . 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: Northeast Carrollton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Carrollton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$546 | |
| Property Insurance | -$139 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$13
|
||
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.
$299,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 12.36% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
5.08
YEARS SAVED
$18,458
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,992
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
1922 Pinecrest Drive Carrollton, TX 2
- 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $1,900
- $0.98
-
1906 Lavaca Trail Carrollton, TX 1
- 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1984
![property image]()
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,800
- $1.01
-
1916 Lansdown Drive Carrollton, TX 3
- 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 1985
![property image]()
LEASED 10/23/19- Rent
- Rent Per SQFT
- $1,925
- $1.00
-
4246 Lavaca Trail Carrollton, TX 4
- 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 1984
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,949
- $1.04
-
2000 Lansdown Drive Carrollton, TX 5
- 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1985
![property image]()
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,995
- $1.06
PROPERTY LISTING DETAILS
Bradford Reese Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419581
Last Updated: 08/24/2020
