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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $204.63
- 2 Days on Market
- MLS # : 14497080
- Updated Date : 01/10/2021 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,981 sqft
- Baths : 3 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Gorgeous meticulously maintained Carriage Glen home in an excellent location w beautiful views. Nailed down wood floors throughout the first floor including living areas, dining areas, bedrooms, and kitchen. Spacious open floorplan w high ceilings, and luxurious finishout. Spacious kitchen features rich knotty alder custom cabinets, gas cooktop, pot filler, stainless steel appliances, wine refrigerator and ss refrigerator to stay. Huge private master bedroom w sitting area. Split bedrms, second bedroom down w full bath. upstairs gameroom can be media or second living area. Breathtaking backyard w arbor, firepit, play pool, spa, all with stunning views of the greenbelt, and trails leading to Parr Park.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Carriage Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carriage Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,080 |
| EXPENSES | Loan Payment | -$2,119 |
| Property Tax | -$1,159 | |
| Property Insurance | -$199 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$517
|
||
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.
$610,000
PROJECTED PRICE
$3,080
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$167,400
LOAN DETAILS
$2,119
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $152,500 |
| Loan Amount | $457,500 |
0.67
YEARS SAVED
$2,041
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,080
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$3,070
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
3572 Twelve Oaks Lane Grapevine, TX 4
- 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $3,080
- $1.03
-
3305 Sprindeltree Drive Grapevine, TX 1
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LEASED 07/26/19- Rent
- Rent Per SQFT
- $2,500
- $0.94
-
3541 Hightimber Drive Grapevine, TX 2
- 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 1984
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,600
- $0.97
-
2725 Greenbrook Court Grapevine, TX 3
- 5 beds 3 baths ∙ 2,954 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,954 Sqft ∙ Built 1990
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,995
- $1.01
-
3412 Stonecrest Drive Grapevine, TX 5
- 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 1993
LEASED 10/27/20- Rent
- Rent Per SQFT
- $3,200
- $1.20
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14497080
Last Updated: 01/10/2021
