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2304 Carlisle Court Flower Mound, TX 75028

3 Beds 2 Baths 2,194 sqft Built 1986

$399,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $181.86
  • 5 Days on Market
  • MLS # : 14490070
  • Updated Date : 12/26/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,194 sqft
  • Baths : 2 full
Listing Agent

Lone Star Realty Group, Llc

Listing Agent's Description

Don't miss out!!!Over sized lot .30 acre of land on Cul de sac lot and home is adjacent to the beautiful and historic Flower Mound. Within walking distance to 3 of Flower Mounds finest schools. Formal living and Dining room, Updated kitchen counter tops. Open concept kitchen with breakfast bar and breakfast area adjacent to kitchen. Separate study - office. Very Private backyard space! Covered patio for outdoor entertaining with many big backyard trees!

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: Lake Forest

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Lake Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Donald Elementary School Primary Regular 497 36 7
Forestwood Middle School Middle Regular 693 49 8
Flower Mound High School High Regular 2,550 157 10

Donald Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 36
7
GreatSchools Rating

Forestwood Middle School

  • Education Level: Middle
  • # of students: 693
  • # of teachers: 49
8
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,472
Property Tax -$689
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
-$134

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.

$399,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$13,298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,391

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,275
1$2,2752$2,2803$2,2954$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2304 Carlisle Court Flower Mound, TX 2
    • 3 beds 2 baths ∙ 2,194 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,194 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.04
    •  
  • 2501 Springwater Drive Flower Mound, TX 1
    • 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 1992
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.11
    •  
  • 2513 Springwater Drive Flower Mound, TX 3
    • 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 1993
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.12
    •  
  • 2204 Cypress Court Flower Mound, TX 4
    • 4 beds 2 baths ∙ 2,249 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,249 Sqft ∙ Built 1990
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.07
    •  
  • 2401 Lakeshore Drive Flower Mound, TX 5
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1993
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Leonard Holder
Lone Star Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490070
Last Updated: 12/26/2020
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