Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3005 Hyde Court Carrollton, TX 75007

3 Beds 2 Baths 1,444 sqft Built 1986

$275,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $190.44
  • 2 Days on Market
  • MLS # : 14541019
  • Updated Date : 03/27/2021 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Company

Listing Agent's Description

Beautiful move-in ready home situated on a cul-de-sac street in the established subdivision of Kingspoint in the much requested Carrollton-Farmers Branch ISD! This home has a beautiful architectural floorplan plus high ceilings. Updates include full master bathroom, fresh wall paint, HVAC and Roof. This home has engineered wood and ceramic tile and a downstairs master. All this with a large backyard and patio! Come view it soon because it won't last for long. Only a few minutes away from PGB and Carrollton's Blue Trail. Buyer and or agent to verify all information listed.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: North Central Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: North Central Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11112171

* 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
Annie Heads Rainwater Elementary School Primary Regular 419 24 8
Charles M. Blalack Middle School Middle Regular 942 60 7
Creekview High School High Regular 1,964 124 7

Annie Heads Rainwater Elementary School

  • Education Level: Primary
  • # of students: 419
  • # of teachers: 24
8
GreatSchools Rating

Charles M. Blalack Middle School

  • Education Level: Middle
  • # of students: 942
  • # of teachers: 60
7
GreatSchools Rating

Creekview High School

  • Education Level: High
  • # of students: 1,964
  • # of teachers: 124
7
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$955
Property Tax -$502
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
-$77

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.

$275,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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$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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,596

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6953$1,7254$1,8005$1,849
$1,849
RENT COMPS ANALYSIS
  • 3005 Hyde Court Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.10
    •  
  • 1722 Delaford Place Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1983
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
  • 1112 Alameda Drive Carrollton, TX 3
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1986
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.08
    •  
  • 2909 Hunters Point Lane Carrollton, TX 4
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1988
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
  • 3105 Landover Drive Carrollton, TX 5
    • 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,640 Sqft ∙ Built 1982
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.13
    •  
PROPERTY LISTING DETAILS
Vanessa Monasterial
Century 21 Judge Fite Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541019
Last Updated: 03/27/2021
BESbswy