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2104 Holly Hill Lane Carrollton, TX 75007

3 Beds 3 Baths 1,822 sqft Built 1983

$274,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $150.88
  • 5 Days on Market
  • MLS # : 14469209
  • Updated Date : 11/11/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,822 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Wonderfully Maintained w*Extensive Hardwood Flooring, Soft Paints, Recent Plush Carpets & Tall Ceilings*Spacious Family Room Features Fireplace w* Gas Logs, TV & Mount Over the Fireplace and a Customized Buffet or Bar Area*Beautiful Dining Area w* Track Lighting & Decorative Draperies* Updated Kitchen w*Ceramic Tiled Floors & Backsplash, Granite Countertops, Stainless Gas Cook Top, Custom Cabinets, Refrigerator, Washer & Dryer*Lovely Master Suite w*Ceiling Fan, Dual Sinks, Updated Lights and Fixtures*Generous Secondary Bedrooms w*Great Storage*Low Maintenance Landscaping and Plenty of Yard for Pets and Kids* This is a RARE find.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Northeast Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $120k336k

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

Neighborhood: Northeast Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10862171

* 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
Furneaux Elementary School Primary Regular 375 26 6
Dan F. Long Middle School Middle Regular 718 51 4
Creekview High School High Regular 1,964 124 7

Furneaux Elementary School

  • Education Level: Primary
  • # of students: 375
  • # of teachers: 26
6
GreatSchools Rating

Dan F. Long Middle School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 51
4
GreatSchools Rating

Creekview High School

  • Education Level: High
  • # of students: 1,964
  • # of teachers: 124
7
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,014
Property Tax -$502
Property Insurance -$133
Property Management Fees -$99
CASH FLOW
$82

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.

$274,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 12.4%
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

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$23,694

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8253$1,8304$1,8755$2,025
$2,025
RENT COMPS ANALYSIS
  • 2104 Holly Hill Lane Carrollton, TX 3
    • 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.00
    •  
  • 3813 Clover Hill Lane Carrollton, TX 1
    • 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1983
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.95
    •  
  • 2108 Rose Cliff Lane Carrollton, TX 2
    • 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,641 Sqft ∙ Built 1983
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.11
    •  
  • 2105 Cologne Drive Carrollton, TX 4
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1983
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.02
    •  
  • 2125 Albert Road Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 1979
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.06
    •  
PROPERTY LISTING DETAILS
Lesa Stuart
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469209
Last Updated: 11/11/2020
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