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3103 Glenview Carrollton, TX 75007

4 Beds 2 Baths 2,176 sqft Built 1984

$290,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $133.27
  • 2 Days on Market
  • MLS # : 14470706
  • Updated Date : 11/14/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,176 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Dallas Midtown

Listing Agent's Description

Great space, with many updates. - roof-2018, pool resurfaced -2014, AC-2017, cook top-2014, wood laminate floors-2014, some windows-2014, crown moldings. This four bedroom in a great location is priced right for more cosmetic updates. 2 fireplaces both with gas logs. Please understand that during COVID the Seller is working from home and observe all COVID conditions, Masks, hand sanitizer, etc. Please refrain from touching anything unnecessary. Remove shoes if it is raining. Parks nearby allow for playing

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: Northwest Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k361k

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

Neighborhood: Northwest Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262275

* 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
E.l. Kent Elementary School Primary Regular 398 26 9
Charles M. Blalack Middle School Middle Regular 942 60 7
Creekview High School High Regular 1,964 124 7

E.l. Kent Elementary School

  • Education Level: Primary
  • # of students: 398
  • # of teachers: 26
9
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,070
Property Tax -$529
Property Insurance -$153
Property Management Fees -$99
CASH FLOW
$149

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.

$290,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.9%
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-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$31,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0054$2,1005$2,125
$2,125
RENT COMPS ANALYSIS
  • 3103 Glenview Carrollton, TX 2
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 3313 Hillpark Lane Carrollton, TX 1
    • 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1991
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 1039 Creek Bend Carrollton, TX 3
    • 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 1991
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,005
    • $0.94
    •  
  • 1203 Cambridge Drive Carrollton, TX 4
    • 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1992
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 1020 Oxfordshire Drive Carrollton, TX 5
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1978
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.94
    •  
PROPERTY LISTING DETAILS
Joyce Bauert
Keller Williams Dallas Midtown
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470706
Last Updated: 11/14/2020
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