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2026 Greenview Drive #B Carrollton, TX 75010

3 Beds 2 Baths 1,605 sqft Built 1989

$269,095

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $167.66
  • 6 Days on Market
  • MLS # : 14493700
  • Updated Date : 01/05/2021 at 14:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,605 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

3 BED 2 BATH HOME IN FANTASTIC LOCATION! Relaxing Family Room is equipped with bay windows and shutters, wood like laminate flooring, wood burning fireplace and vaulted ceiling. Great natural light throughout home. Kitchen has an abundance of cabinet and counter space and a double basin farmhouse sink. Updated Stainless Steel appliances also highlight the space. First floor master retreat has dual sinks and walk in shower. Large closets in all bedrooms. Exterior trim freshly painted. Public Library, Elementary and Middle school all walking distance. Two nearby golf courses. Park is two blocks away. Nature Preserve and grocery stores a short drive. Come and see before it is gone!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$242,186$296,005$269,095

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$935
Property Tax -$491
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$75

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.

$269,095

PROJECTED PRICE

$1,720

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,060

INVESTMENT

$77,060

Down Payment
$67,274
Rehab Estimate
$5,750
Closing Costs
$4,036

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$935

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,274
Loan Amount $201,821
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$18,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7203$1,8504$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 2026 Greenview Drive Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.07
    •  
  • 2028 Greenview Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1989
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 1945 Lansdown Drive Carrollton, TX 3
    • 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
    •  
  • 2015 Greenview Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1991
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 2015 Falcon Ridge Drive Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1991
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.19
    •  
PROPERTY LISTING DETAILS
Frank Loza
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493700
Last Updated: 01/05/2021
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