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2532 Dove Creek Lane Carrollton, TX 75006

3 Beds 2 Baths 1,744 sqft Built 1983

$285,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $163.42
  • 3 Days on Market
  • MLS # : 14462264
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,744 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

What a great place to call home! Set in an established family-friendly neighborhood, this well-kept 3 bedroom one story home has all the extras you’re going to love, including fresh designer paint colors, Plantation shutters, and newer carpet in all bedrooms. Tall, wood-beamed ceilings and warm wood-look laminate flooring complement both living and dining areas, while large picture windows offer lots of natural light & views of the great backyard with covered patio & wood deck. The family room, with wet bar, opens to a stylish kitchen equipped with stainless steel appliances, granite countertops, tumbled stone backsplash & pantry. Split bedrooms. Lovely master suite with two sinks and large walk-in closet

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: Southwest Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k289k

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

Neighborhood: Southwest Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262152

* 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
Charlie Mckamy Elementary School Primary Regular 513 34 4
Ted Polk Middle School Middle Regular 1,100 64 4
Newman Smith High School High Regular 1,973 126 6

Charlie Mckamy Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 34
4
GreatSchools Rating

Ted Polk Middle School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 64
4
GreatSchools Rating

Newman Smith High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 126
6
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,052
Property Tax -$623
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
-$91

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.

$285,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,923

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8104$1,9755$2,050
$2,050
RENT COMPS ANALYSIS
  • 2532 Dove Creek Lane Carrollton, TX 3
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.04
    •  
  • 2210 Roundrock Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1980
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
  • 2717 Sedgeway Lane Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1985
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.15
    •  
  • 2512 Melissa Lane Carrollton, TX 4
    • 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 1985
    property image
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.09
    •  
  • 2517 Dove Creek Lane Carrollton, TX 5
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1984
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.12
    •  
PROPERTY LISTING DETAILS
Brandee Kelley
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462264
Last Updated: 11/06/2020
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