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2738 Belmeade Drive Carrollton, TX 75006

4 Beds 3 Baths 2,522 sqft Built 1980

$309,990

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $122.91
  • 7 Days on Market
  • MLS # : 14493587
  • Updated Date : 01/19/2021 at 18:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,522 sqft
  • Baths : 2 full , 1 half
Listing Agent

Brilliant Usa Real Estate Llc

Listing Agent's Description

***MULTIPLE OFFER RECEIVED, OFFER DEADLINE JAN 24, 2021 9:00PM*** Classic one story home nests on a quarter acre lot in heart of Carrollton. The home is facing a greenbelt and a jogging trial, and it offers 4 beds, 2.1 baths 2-car garage with formal dinning and a spacious game room or workshop. New AC and thermostats 2016; Wood floors and Roof were installed in 2012. This property is currently under lease until Aug 31st 2021. It could be a great investment opportunity, or your dream home, and photos on this listing were taken before lease commenced.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Briarwyck Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $122k316k

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

Neighborhood: Briarwyck Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262119

* 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
Jerry R. Junkins Elementary School Primary Regular 715 46 7
E.d. Walker Middle School Middle Regular 748 46 3
W. T. White High School High Regular 2,290 134 4

Jerry R. Junkins Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 46
7
GreatSchools Rating

E.d. Walker Middle School

  • Education Level: Middle
  • # of students: 748
  • # of teachers: 46
3
GreatSchools Rating

W. T. White High School

  • Education Level: High
  • # of students: 2,290
  • # of teachers: 134
4
GreatSchools Rating
 

$278,991$340,989$309,990

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,077
Property Tax -$677
Property Insurance -$173
Property Management Fees -$99
CASH FLOW
$364

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.

$309,990

PROJECTED PRICE

$2,390

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.2%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$87,897

INVESTMENT

$87,897

Down Payment
$77,498
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,498
Loan Amount $232,493
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$46,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,497

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2753$2,3904$2,4955$2,795
$2,795
RENT COMPS ANALYSIS
  • 2738 Belmeade Drive Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.95
    •  
  • 2317 Bristol Drive Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 1993
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 2211 Meadowstone Drive Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,338 Sqft ∙ Built 1992
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.97
    •  
  • 2401 Jester Place Carrollton, TX 4
    • 4 beds 2 baths ∙ 2,464 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,464 Sqft ∙ Built 1996
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.01
    •  
  • 2541 Kings Gate Drive Carrollton, TX 5
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 1996
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.10
    •  
PROPERTY LISTING DETAILS
Brian Wu
Brilliant Usa Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493587
Last Updated: 01/19/2021
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