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229 Carlow Court Keller, TX 76248

4 Beds 3 Baths 3,159 sqft Built 2007

$400,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $126.62
  • 1 Days on Market
  • MLS # : 14463857
  • Updated Date : 11/02/2020 at 20:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,159 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Dfw Preferred

Listing Agent's Description

WORK FROM HOME in this IMMACULATE 1 story, Highly Desirable 1 story, OPEN floor plan home in located acclaimed Keller ISD and secluded Flanagan Hill Estates. This GEM has 2 HOME OFFICES for DUAL Work-From-Home professionals! This 4 bedroom 2.5 bath is the PERFECT home for the growing family. Living is inclusive in this house without losing privacy. Entry with Rotunda leads to kitchen which overlooks large Great Room and is the PERFECT centerpiece for large family gatherings. Enjoy morning coffee on the covered patio and summer evenings in the hot tub. Low maintenance backyard! Cat 5 wiring and speaker wire in living, master bedroom and largest office. Easy access to US377, I35W, Alliance, downtown Fort Worth.

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: Flanigan Hill

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k431k

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

Neighborhood: Flanigan Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263105

* 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
Willis Lane Elementary School Primary Regular 486 33 10
Indian Springs Middle School Middle Regular 869 53 8
Keller High School High Regular 2,645 145 10

Willis Lane Elementary School

  • Education Level: Primary
  • # of students: 486
  • # of teachers: 33
10
GreatSchools Rating

Indian Springs Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 53
8
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$1,476
Property Tax -$839
Property Insurance -$210
HOA -$45
Property Management Fees -$99
CASH FLOW
$41

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.

$400,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$24,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,748

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,3953$2,5004$2,7105$2,900
$2,900
RENT COMPS ANALYSIS
  • 229 Carlow Court Keller, TX 4
    • 4 beds 3 baths ∙ 3,159 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,159 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.86
    •  
  • 1308 Mcentire Court Keller, TX 1
    • 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2002
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.84
    •  
  • 1313 Mcentire Court Keller, TX 2
    • 5 beds 4 baths ∙ 2,871 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,871 Sqft ∙ Built 2000
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
  • 620 Cottonwood Trail Keller, TX 3
    • 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 1998
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
  • 732 Saint Andrews Lane Keller, TX 5
    • 5 beds 3 baths ∙ 3,047 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,047 Sqft ∙ Built 1997
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jimmy Cantu
Keller Williams Dfw Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463857
Last Updated: 11/02/2020
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