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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $121.18
- 4 Days on Market
- MLS # : 14520559
- Updated Date : 02/26/2021 at 13:41
CONSTRUCTION
- Beds : 4
- Floor Size : 3,210 sqft
- Baths : 3 full
Listing Agent
Nail And Key
Listing Agent's Description
Meticulously maintained ONE owner home nestled within coveted, established neighborhood in the heart of Carrollton! Extensive updates & vaulted ceilings boast throughout! Step inside the inviting 2 story entry to find an upgraded staircase, warm hand scraped hardwoods & versatile living areas for entertaining. New HVAC, roof, HW heater, flooring, windows, kitchen & bath remodels in last 5 yrs! Oversized master suite features 2 walk in closets & fully renovated bath. HUGE bonus rm serves as flex. Outdoor kitchen, covered pergola & stamped concrete overlook spacious yard! Stone's throw away from parks, greenbelt, trails & Blue Ribbon Kent Elementary! Updated homes of this size & price are a rarity in Carrollton!
SEE MORE
- . 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: Timbercreek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Timbercreek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,351 |
| Property Tax | -$710 | |
| Property Insurance | -$213 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$167
|
||
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.
$389,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,835
LOAN DETAILS
$1,351
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
6.67
YEARS SAVED
$31,773
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,592
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
3203 Hillpark Lane Carrollton, TX 3
- 4 beds 3 baths ∙ 3,210 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,210 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,540
- $0.79
-
2710 Devonshire Drive Carrollton, TX 1
- 3 beds 3 baths ∙ 3,046 Sqft ∙ Built 1986 3 beds 3 baths ∙ 3,046 Sqft ∙ Built 1986
LEASED 03/04/20- Rent
- Rent Per SQFT
- $2,450
- $0.80
-
3528 Sweetspring Drive Carrollton, TX 2
- 4 beds 3 baths ∙ 3,324 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,324 Sqft ∙ Built 1998
LEASED 05/06/20- Rent
- Rent Per SQFT
- $2,495
- $0.75
-
3520 Cimarron Drive Carrollton, TX 4
- 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2000
LEASED 08/29/20- Rent
- Rent Per SQFT
- $2,700
- $0.87
-
3301 Hillpark Lane Carrollton, TX 5
- 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 1991
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,790
- $0.81
PROPERTY LISTING DETAILS
Nail And Key
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14520559
Last Updated: 02/26/2021
