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2021 Landown Drive Carrollton, TX 75010

4 Beds 2 Baths 1,886 sqft Built 1985

$324,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $172.27
  • 3 Days on Market
  • MLS # : 14478526
  • Updated Date : 12/04/2020 at 17:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,886 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Beautiful Home and awesome location within walking distance to Elementary and Middle Schools and a great park, enjoyed by all in this friendly neighborhood! You will love entertaining with the covered patio and play pool! Enjoy hot Texas Summers! Very private with a board on board fence too! So many updates including flooring, fresh interior and exterior paint, Roof & Gutters, Remodeled baths, Hot Water Heater, Premium Wood Vinyl flooring, pool surfacing and equipment, all fixtures, ceiling fans and HVAC replaced! This home has been lovingly maintained and is absolutely gorgeous! Sure to check off all the boxes for even the pickiest Buyers! The location will keep you close to shopping and all major roads!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Meadow Ridge - Harvest Run

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Meadow Ridge - Harvest Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Indian Creek Elementary School Primary Regular 631 39 7
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Indian Creek Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 39
7
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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,199
Property Tax -$593
Property Insurance -$136
Property Management Fees -$99
CASH FLOW
-$87

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.

$324,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,116

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9403$1,9504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 2021 Landown Drive Carrollton, TX 2
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.03
    •  
  • 1945 Lansdown Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 2045 Greenstone Trail Carrollton, TX 3
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1985
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 2000 Lansdown Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1985
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.06
    •  
  • 2018 Lansdown Drive Carrollton, TX 5
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1985
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
PROPERTY LISTING DETAILS
Patti Murray
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478526
Last Updated: 12/04/2020
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