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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $149.84
- 3 Days on Market
- MLS # : 14518937
- Updated Date : 02/27/2021 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,436 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
Windows GALORE! Tall ceilings! Large Open Spaces - let's all stay home! The primary suite is downstairs with secondary bedrooms up. The kitchen has TONS of light AND a fireplace! The second living area upstairs is perfect for homeschooling, an office, game room, etc. Upgrades include beautiful new staircase balusters, designer lighting, new ceramic tile, carpet, and fresh paint. New AC in 2018 and roof in 2017! A gorgeous Red Oak tree shades the flagstone patio in the back yard --perfect for relaxing or entertaining. Just the right sz backyard. Live Oak in the front is taller than the HOUSE! Beautiful Landscaping! Only a qtr-mile walk to Harvest Run Park! Plenty of restaurants, shopping, 20 min to DFW airport!
SEE MORE
- . 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: 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 | $2,300 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$666 | |
| Property Insurance | -$168 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$99
|
||
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.
$365,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.63%
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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
5.92
YEARS SAVED
$24,947
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,314
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2124 Larkspur Drive Carrollton, TX 4
- 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,300
- $0.94
-
2240 Arbor Creek Drive Carrollton, TX 1
- 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 1986
LEASED 03/05/20- Rent
- Rent Per SQFT
- $2,000
- $0.87
-
2108 Fawn Ridge Trail Carrollton, TX 2
- 4 beds 2 baths ∙ 2,254 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,254 Sqft ∙ Built 1985
LEASED 09/22/20- Rent
- Rent Per SQFT
- $2,075
- $0.92
-
4320 Mesa Drive Carrollton, TX 3
- 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1999
LEASED 11/21/20- Rent
- Rent Per SQFT
- $2,300
- $0.98
-
2111 Clearwater Trail Carrollton, TX 5
- 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1988
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,350
- $1.03
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518937
Last Updated: 02/27/2021
