Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2042 Greenstone Trail Carrollton, TX 75010

3 Beds 2 Baths 1,883 sqft Built 1985

$324,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $172.54
  • 3 Days on Market
  • MLS # : 14493114
  • Updated Date : 01/15/2021 at 20:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,883 sqft
  • Baths : 2 full
Listing Agent

American Realty

Listing Agent's Description

Beautifully updated home with sparkling pool in charming Carrollton neighborhood. New hardwood floors, plantation shutters, granite countertops. Mature palm trees accent the pool, which has Pentair Intellitouch pool equipment and a resurfaced pool, deck, and patio...all new in 2017. Roof replaced on house, carport, covered patio, and storage building in 2017. Hot water heater replaced 2015. Circuit breaker panel replaced 2014. All windows replaced 2012. Tile updated in kitchen and master bath. Shaded, bricked courtyard on west side of house. Carport plus Garage for great parking options. Home is immaculate and has been kept in excellent condition. Close to Harvest Run Park. Showings begin 10 am Sat, Jan 16.

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
 

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

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,129
Property Tax -$593
Property Insurance -$136
Property Management Fees -$99
CASH FLOW
$83

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

$2,040

PROJECTED RENT

0.63%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$21,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,048

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0403$2,0504$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 2042 Greenstone Trail Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.08
    •  
  • 2000 Lansdown Drive Carrollton, TX 1
    • 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
    •  
  • 2117 Larkspur Drive Carrollton, TX 3
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1987
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.99
    •  
  • 2018 Lansdown Drive Carrollton, TX 4
    • 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
    •  
  • 4208 Meadowdale Drive Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1987
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.19
    •  
PROPERTY LISTING DETAILS
Dirk Dahlke
American Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493114
Last Updated: 01/15/2021
BESbswy