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3807 Branch Hollow Circle Carrollton, TX 75007

3 Beds 2 Baths 1,736 sqft Built 1987

$298,600

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $172.00
  • 5 Days on Market
  • MLS # : 14503501
  • Updated Date : 01/21/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,736 sqft
  • Baths : 2 full
Listing Agent

Signature Leasing & Management

Listing Agent's Description

NICE TWO STORY HOME, LIVING AREA, DINING AREA, MASTER IS DOWN ARE ALL DOWN. TWO BEDROOMS ARE UP.. GRANITE COUNTER TOPS. NICE SS APPLIANCES....LAMINATE FLOORING DOWN, LOTS OF CLOSETS...FRESH PAINT....ROOF REPLACED ...CARPET REPLACED UPSTAIRS...TWO CAR GARAGE. FENCED YARD....GREAT AREA....SELLER DOES NOT HAVE A SURVEY....THANK YOU

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MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
 

$268,740$328,460$298,600

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,037
Property Tax -$545
Property Insurance -$128
HOA -$22
Property Management Fees -$99
CASH FLOW
$119

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.

$298,600

PROJECTED PRICE

$1,950

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$84,879

INVESTMENT

$84,879

Down Payment
$74,650
Rehab Estimate
$5,750
Closing Costs
$4,479

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,037

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,650
Loan Amount $223,950
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,957

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8953$1,9504$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 3807 Branch Hollow Circle Carrollton, TX 3
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.12
    •  
  • 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
Richard Senger
Signature Leasing & Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503501
Last Updated: 01/21/2021
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