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2743 Timberleaf Carrollton, TX 75006

4 Beds 2 Baths 2,187 sqft Built 1984

$325,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $148.61
  • 3 Days on Market
  • MLS # : 14522716
  • Updated Date : 02/26/2021 at 17:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,187 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Calling all buyers who want a little fixer located in the lovely Briarwyck Estates neighborhood! Located on an oversized lot, you will find a home with spacious rooms, covered porch, detached in-law suite, formal dinning area and eat in kitchen. This gem won't last long!

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: 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,129
Property Tax -$710
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
$99

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.

$325,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$21,633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,373

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1903$2,3004$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 2743 Timberleaf Carrollton, TX 2
    • 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.00
    •  
  • 2402 Dublin Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1993
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 2824 Kings Gate Drive Carrollton, TX 3
    • 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 1996
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
  • 2533 Timberleaf Drive Carrollton, TX 4
    • 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1995
    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
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.14
    •  
PROPERTY LISTING DETAILS
Jessica Colligan
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522716
Last Updated: 02/26/2021
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