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2719 Renwick Drive Carrollton, TX 75007

3 Beds 2 Baths 1,610 sqft Built 1980

$239,500

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $148.76
  • 4 Days on Market
  • MLS # : 14469186
  • Updated Date : 11/14/2020 at 11:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Walzel Properties, Llc

Listing Agent's Description

This home allows you to host parties & family gatherings. There are 3 bedrooms with large walk-in closets & 2 full baths. Master bath vanity has been upgraded, granite countertop & beautiful backsplash. Fresh paint in kitchen, formal living, laundry and hallway. Brand new dishwasher in kitchen with plenty of cabinet space and pantry. Double pane, high UV rating windows. Living room has wood burning fireplace, high ceiling, built in shelves with flatscreen TV mount, hookup. Enjoy a nice meal in the back patio overlooking the beautiful yard & rock garden. You will love this quiet neighborhood and ease of access to several major highways.

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: Oak Tree North Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k336k

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

Neighborhood: Oak Tree North Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10052171

* 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
 

$215,550$263,450$239,500

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$884
Property Tax -$437
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$240

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.

$239,500

PROJECTED PRICE

$1,780

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,218

INVESTMENT

$69,218

Down Payment
$59,875
Rehab Estimate
$5,750
Closing Costs
$3,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$884

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,875
Loan Amount $179,625
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$38,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7803$1,7954$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 2719 Renwick Drive Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.11
    •  
  • 2603 Renwick Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1983
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 2717 Sedgeway Lane Carrollton, TX 3
    • 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
    •  
  • 3136 Renaissance Drive Dallas, TX 4
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1991
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 3323 Renaissance Drive Dallas, TX 5
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1992
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.14
    •  
PROPERTY LISTING DETAILS
Patricia Nguyen
Walzel Properties, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469186
Last Updated: 11/14/2020
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