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2205 Via Del Norte Circle Carrollton, TX 75006

4 Beds 2 Baths 1,770 sqft Built 1981

$279,500

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $157.91
  • 2 Days on Market
  • MLS # : 14454805
  • Updated Date : 12/19/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,770 sqft
  • Baths : 2 full
Listing Agent

All City Real Estate, Ltd. Co.

Listing Agent's Description

Right in the heart of Carrollton sits this beautifully updated 4 bed 2 bath home. Enjoy the convenience of being centrally located to everything in the metroplex. Easy access to I-35, Dallas North Tollway, and President George Bush Turnpike making commuting, shopping, and dining a breeze. Ultra spacious floor plan ideal for entertaining guests, the living room boasts stunning vaulted ceilings, a cozy fireplace, and a built-in wet bar. The backyard offers a tranquil and covered patio where you can read or have cookouts with friends. Gracefully updated with modern style this home is move-in ready and waiting for you. **All Pipes under the house replaced with PVC Dec. 2020**

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: Mill Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Mill Valley

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
Country Place Elementary School Primary Regular 327 25 8
Ted Polk Middle School Middle Regular 1,100 64 4
Newman Smith High School High Regular 1,973 126 6

Country Place Elementary School

  • Education Level: Primary
  • # of students: 327
  • # of teachers: 25
8
GreatSchools Rating

Ted Polk Middle School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 64
4
GreatSchools Rating

Newman Smith High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 126
6
GreatSchools Rating
 

$251,550$307,450$279,500

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,031
Property Tax -$611
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
$30

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.

$279,500

PROJECTED PRICE

$1,900

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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-$4.0k-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,818

INVESTMENT

$79,818

Down Payment
$69,875
Rehab Estimate
$5,750
Closing Costs
$4,193

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,031

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,875
Loan Amount $209,625
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$17,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,965

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$2,1004$2,1505$2,205
$2,205
RENT COMPS ANALYSIS
  • 2205 Via Del Norte Circle Carrollton, TX 2
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.07
    •  
  • 2513 Melissa Lane Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1983
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 2305 Incline Drive Carrollton, TX 3
    • 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 1981
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
  • 2110 Teton Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 1983
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.20
    •  
  • 2716 Glenwood Court Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1979
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,205
    • $1.16
    •  
PROPERTY LISTING DETAILS
Justin Tobias
All City Real Estate, Ltd. Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14454805
Last Updated: 12/19/2020
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