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2636 Elmbrook Drive Carrollton, TX 75010

4 Beds 4 Baths 4,100 sqft Built 2004

$679,000

List Price

$3,500

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $165.61
  • 5 Days on Market
  • MLS # : 14499319
  • Updated Date : 01/14/2021 at 10:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,100 sqft
  • Baths : 4 full
Listing Agent

Briggs Freeman Sotheby's Int’l

Listing Agent's Description

The romance, strength and aristocratic ambiance of French Normandy architecture are manifest in this beautiful over 4,000 sq. ft. gated home, located on a cul- de-sac in Carrollton’s coveted Creekside Addition. The imposing stone, brick and turreted façade, with its traditional high peaked roof are complemented by a manicured front lawn and impeccable complementary landscaping. Kitchen is fitted w gourmet appliances, offers significant counter space, stone counter tops, a versatile center island, a walk-in pantry. The inviting dining bay overlooks a charming pergola perfect for outdoor entertaining and dining al fresco. The kitchen is open to the family room that features a wall of windows and a cozy fireplace.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k549k

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

Neighborhood: Creekside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263183

* 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
 

$611,100$746,900$679,000

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$2,358
Property Tax -$1,239
Property Insurance -$264
HOA -$20
Property Management Fees -$99
CASH FLOW
-$481

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.

$679,000

PROJECTED PRICE

$3,500

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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-$15k-$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$185,685

INVESTMENT

$185,685

Down Payment
$169,750
Rehab Estimate
$5,750
Closing Costs
$10,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,750
Loan Amount $509,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,721

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,5003$3,7004$3,8505$4,500
$4,500
RENT COMPS ANALYSIS
  • 2636 Elmbrook Drive Carrollton, TX 2
    • 4 beds 4 baths ∙ 4,100 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,100 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.85
    •  
  • 6801 Columbine Way Plano, TX 1
    • 3 beds 4 baths ∙ 3,810 Sqft ∙ Built 1995 3 beds 4 baths ∙ 3,810 Sqft ∙ Built 1995
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.81
    •  
  • 2308 Cardinal Boulevard Carrollton, TX 3
    • 5 beds 6 baths ∙ 4,025 Sqft ∙ Built 2011 5 beds 6 baths ∙ 4,025 Sqft ∙ Built 2011
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.92
    •  
  • 6500 Myrtle Beach Drive Plano, TX 4
    • 5 beds 6 baths ∙ 4,369 Sqft ∙ Built 1992 5 beds 6 baths ∙ 4,369 Sqft ∙ Built 1992
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.88
    •  
  • 3105 Oak Hollow Drive Plano, TX 5
    • 4 beds 5 baths ∙ 4,432 Sqft ∙ Built 1997 4 beds 5 baths ∙ 4,432 Sqft ∙ Built 1997
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
Daniel Hunt
Briggs Freeman Sotheby's Int’l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499319
Last Updated: 01/14/2021
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