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PROPERTY INFO
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
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Ridge - Harvest Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,060
LOAN DETAILS
$935
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,274 |
| Loan Amount | $201,821 |
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
-
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
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493700
Last Updated: 01/05/2021
