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3803 Branch Hollow Place Carrollton, TX 75007

3 Beds 3 Baths 1,742 sqft Built 1991

$304,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $175.03
  • 4 Days on Market
  • MLS # : 14506538
  • Updated Date : 01/29/2021 at 08:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

This well appointed home comes with upgraded built-ins and molding, warm decor colors and very nice curb appeal. Step out back and get ready to enjoy the large outdoor living space with family and friends as warmer days are coming! Kitchen area has an island, storage and updated hardware added to cabinetry for a nice touch! This home feeds into the award-winning LEWISVILLE ISD and won't last long! Conveniently located by many major freeways! Chair lift is removeable. Buyer and buyer's agent to verify all information. Square footage provided by appraisal district deemed reliable but not guaranteed.

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: Villages of Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Villages of Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10712171

* 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
Hebron Valley Elementary School Primary Regular 600 38 8
Creek Valley Middle School Middle Regular 795 52 7
Hebron High School High Regular 2,458 138 7

Hebron Valley Elementary School

  • Education Level: Primary
  • # of students: 600
  • # of teachers: 38
8
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
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,059
Property Tax -$557
Property Insurance -$128
HOA -$22
Property Management Fees -$99
CASH FLOW
$106

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.

$304,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$22,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,964

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8953$1,9704$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 3803 Branch Hollow Place Carrollton, TX 3
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.13
    •  
  • 1214 Lone Wolf Trail Carrollton, TX 1
    • 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 1986
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.09
    •  
  • 3807 Seminole Court Carrollton, TX 2
    • 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1986
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.13
    •  
  • 3807 Branch Hollow Place Carrollton, TX 4
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1991
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.14
    •  
  • 1215 Shawnee Trail Carrollton, TX 5
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.15
    •  
PROPERTY LISTING DETAILS
Beth Leath
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506538
Last Updated: 01/29/2021
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