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

2453 Mare Road Carrollton, TX 75010

4 Beds 4 Baths 3,567 sqft Built 2016

$574,900

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $161.17
  • 5 Days on Market
  • MLS # : 14521274
  • Updated Date : 02/26/2021 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,567 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

This 2016 custom Normandy home on a cul-de-sac in the highly sought-after Mustang Park community boasts a bright, open floor-plan w soaring ceilings, scraped hardwood, double-padded carpets, & high-end finishes. Entry has views of elegant staircase, fabulous dining w 2-story wall of windows, & study w French doors. Chef's kitchen includes floor to ceiling cabinets, granite counters, professional grade appliances, huge island-breakfast bar open to family room, butler’s pantry, upgraded exhaust, & electric fireplace. Private master w window sitting area, lavish spa bath, large closet w utility access. Mud room. Upstairs game room w storage & attic access. Community swimming pool, well-lit parks, & amenity center.

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: Northeast Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $120k336k

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

Neighborhood: Northeast Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10862171

* 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
Indian Creek Elementary School Primary Regular 631 39 7
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Indian Creek Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 39
7
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$517,410$632,390$574,900

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,997
Property Tax -$1,049
Property Insurance -$233
HOA -$67
Property Management Fees -$99
CASH FLOW
-$385

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.

$574,900

PROJECTED PRICE

$3,060

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 12.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,099

INVESTMENT

$158,099

Down Payment
$143,725
Rehab Estimate
$5,750
Closing Costs
$8,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,725
Loan Amount $431,175
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $3,077

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0003$3,0004$3,0605$3,300
$3,300
RENT COMPS ANALYSIS
  • 2453 Mare Road Carrollton, TX 4
    • 4 beds 4 baths ∙ 3,567 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,567 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.86
    •  
  • 6908 Eagle Vail Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,359 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,359 Sqft ∙ Built 2000
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.85
    •  
  • 2525 Sandy Creek Lane The Colony, TX 2
    • 5 beds 4 baths ∙ 3,421 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,421 Sqft ∙ Built 2016
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 3124 Prestonwood Drive Plano, TX 3
    • 4 beds 3 baths ∙ 3,657 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,657 Sqft ∙ Built 1999
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
  • 3200 Prestonwood Drive Plano, TX 5
    • 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1999
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kody Horvath
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521274
Last Updated: 02/26/2021
BESbswy