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3736 Muirfield Drive Carrollton, TX 75007

4 Beds 4 Baths 4,290 sqft Built 1997

$469,900

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $109.53
  • 6 Days on Market
  • MLS # : 14464435
  • Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,290 sqft
  • Baths : 4 full
Listing Agent

Ogh Real Estate Llc

Listing Agent's Description

ONE OF A KIND IN ROSEMEADE HEIGHTS, HOME HAS PIERED SLAB SO HOUSE IS VERY SOUND, NEW CARPET,WOOD, TILE, SHOWER, PAINT, HOUSE IS TURNKEY WITH GREENBELT BEHIND HOME, RARE 3 CAR GARAGE. CIRCLE DRIVE, JUST A FEW OF THE ITEMS THAT MAKE THIS HOUSE STAND OUT. HOUSE IS ALSO VERY EFFCIENT WITH RADIANT BARRIER, LED LIGHTING AND FANS ETC.!

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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: Rosemeade Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k357k

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

Neighborhood: Rosemeade Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262380

* 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
Polser Elementary School Primary Regular 466 31 5
Creek Valley Middle School Middle Regular 795 52 7
Hebron High School High Regular 2,458 138 7

Polser Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 31
5
GreatSchools Rating

Creek Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 52
7
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$1,734
Property Tax -$908
Property Insurance -$275
HOA -$50
Property Management Fees -$99
CASH FLOW
$224

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.

$469,900

PROJECTED PRICE

$3,290

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.2%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$47,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,818

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,3953$3,4954$3,7005$3,945
$3,945
RENT COMPS ANALYSIS
  • 3736 Muirfield Drive Carrollton, TX 1
    • 4 beds 4 baths ∙ 4,290 Sqft ∙ Built 1997 4 beds 4 baths ∙ 4,290 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $0.77
    •  
  • 1009 Peacock Boulevard Carrollton, TX 2
    • 5 beds 5 baths ∙ 3,955 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,955 Sqft ∙ Built 2015
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.86
    •  
  • 1023 River Rock Way Carrollton, TX 3
    • 5 beds 4 baths ∙ 4,060 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,060 Sqft ∙ Built 2015
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.86
    •  
  • 1304 Damsel Caitlyn Drive The Colony, TX 4
    • 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2015
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.91
    •  
  • 1401 Van Winkle Drive Carrollton, TX 5
    • 4 beds 5 baths ∙ 4,259 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,259 Sqft ∙ Built 2004
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,945
    • $0.93
    •  
PROPERTY LISTING DETAILS
Marlin Smith
Ogh Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464435
Last Updated: 11/03/2020
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