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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $185.19
- 3 Days on Market
- MLS # : 14481203
- Updated Date : 12/19/2020 at 12:45
CONSTRUCTION
- Beds : 3
- Floor Size : 2,079 sqft
- Baths : 2 full , 1 half
Listing Agent
Jp And Associates Realtors
Listing Agent's Description
MULTIPLE OFFERS RECEIEVED. Come check out this recently updated and move in ready home on a great corner lot! The spacious and open design, with new flooring throughout, works well for everyday living and recent improvements to the kitchen include granite countertops, subway tile backsplash, cooktop, and large walk in pantry. The bathrooms has been updated with new tile, countertops, custom master bathtub and shower. New recessed lighting and custom light fixtures throughout, 2 updated fireplaces, new exterior and interior paint, and much more! Enjoy your outdoor space to create an exclusive entertainment atmosphere with a POOL, spa, and sports court that is ready to go for the summer!
SEE MORE
- # 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: Southwest Carrollton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest Carrollton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$841 | |
| Property Insurance | -$147 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$348
|
||
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.
$385,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
0.83
YEARS SAVED
$1,692
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,287
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
2516 Dove Creek Lane Carrollton, TX 3
- 3 beds 3 baths ∙ 2,079 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,079 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $2,160
- $1.04
-
2305 Incline Drive Carrollton, TX 1
- 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
-
2604 Leicester Drive Carrollton, TX 2
- 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1997
![property image]()
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,100
- $1.07
-
2533 Timberleaf Drive Carrollton, TX 4
- 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1995
![property image]()
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,350
- $1.11
-
2536 Timberleaf Drive Carrollton, TX 5
- 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1995
![property image]()
LEASED 06/27/20- Rent
- Rent Per SQFT
- $2,400
- $1.14
PROPERTY LISTING DETAILS
Jp And Associates Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481203
Last Updated: 12/19/2020
