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2000 Vista Crest Drive Carrollton, TX 75007

3 Beds 3 Baths 2,583 sqft Built 1989

$409,900

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $158.69
  • 3 Days on Market
  • MLS # : 14473936
  • Updated Date : 11/20/2020 at 22:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,583 sqft
  • Baths : 2 full , 1 half
Listing Agent

Serious

Listing Agent's Description

Absolutely gorgeous home with every feature you could desire. Upon entry you're greeted by warm wood floors and an open living area. The kitchen has been completely remodeled with beautiful granite counters that carry over to the dry bar. Stainless steel appliances with gas range with double oven. A large owner's suite also has fully updated bathroom with rainhead shower and soaker tub. Walk out back to an oasis with pool, spa and new outdoor kitchen with fire feature. Cedar pergolas over the kitchen and an additional sitting area. The oversized lot still has room for plenty of grass as well. Heading upstairs you'll find two additional bedrooms, full bath and living area with new carpets throughout. Can't Miss!

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: High Country

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: High Country

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11102171

* 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
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,512
Property Tax -$748
Property Insurance -$176
Property Management Fees -$99
CASH FLOW
-$316

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.

$409,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,383

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2203$2,3004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2000 Vista Crest Drive Carrollton, TX 2
    • 3 beds 3 baths ∙ 2,583 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,583 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.86
    •  
  • 4205 Sagemont Drive Carrollton, TX 1
    • 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 1986
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.87
    •  
  • 4207 Meadow Ridge Drive Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 1986
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 1919 E Branch Hollow Drive Carrollton, TX 4
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1979
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
  • 4202 Harvest Hill Road Carrollton, TX 5
    • 3 beds 3 baths ∙ 2,513 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,513 Sqft ∙ Built 1984
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sean Nance
Serious
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473936
Last Updated: 11/20/2020
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