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

2208 Sheraton Drive Carrollton, TX 75007

4 Beds 2 Baths 1,583 sqft Built 1983

$234,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $148.39
  • 4 Days on Market
  • MLS # : 14524107
  • Updated Date : 03/05/2021 at 13:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,583 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty Llc

Listing Agent's Description

Don't miss out on the opportunity to own this adorable charming & well-maintained home, conveniently located in Carrolton TX, close to a plethora of shops and restaurants. The home features 4 bedrooms, 2 baths, vaulted ceilings, spacious living area. Owners invested over $15,000 on energy-efficient windows throughout the house with a transferable lifetime warranty. The garage was beautifully converted to an oversized bedroom that can be easily used as an office, gym, etc.  Neither Seller nor Listing Broker makes any warranties or representation to accuracy. MULTIPLE OFFERS received, deadline for highest and best Sunday, March 7 at 5 pm.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Rollingwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $97k289k

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

Neighborhood: Rollingwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10031945

* 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
June R. Thompson Elementary School Primary Regular 604 36 4
Dan F. Long Middle School Middle Regular 718 51 4
Creekview High School High Regular 1,964 124 7

June R. Thompson Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 36
4
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
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$816
Property Tax -$429
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
$218

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$234,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$30,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,722

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,6953$1,6954$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 2208 Sheraton Drive Carrollton, TX 1
    • 4 beds 2 baths ∙ 1,583 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,583 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.06
    •  
  • 2733 Colonial Drive Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1978
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
  • 2302 Placid Drive Carrollton, TX 3
    • 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 1978
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
  • 2201 Stonebrook Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 2211 Stonebrook Drive Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1977
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.13
    •  
PROPERTY LISTING DETAILS
Betty Arguello
Fathom Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524107
Last Updated: 03/05/2021
BESbswy