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3901 Valez Drive Carrollton, TX 75007

4 Beds 3 Baths 2,938 sqft Built 1996

$379,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $129.31
  • 2 Days on Market
  • MLS # : 14477927
  • Updated Date : 11/28/2020 at 14:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,938 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Cross Country

Listing Agent's Description

This stunning CORNER LOT home featuring 4 Bed 2.5 Baths, has a large landscaped front yard and large fenced backyard! Owner has made recent renovations which include a fresh coat of paint. Custom Kitchen with granite countertops. Master bed on the first floor with custom bath that includes a separate shower. First floor also has a large office or den with custom built in desk and hutch. Family room is open to the kitchen and the nook area. Spacious bedrooms and BONUS game or media room upstairs, for additional entertainment! A Must See!

SEE MORE

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: North Central Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: North Central Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11112171

* 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
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,402
Property Tax -$693
Property Insurance -$197
Property Management Fees -$99
CASH FLOW
-$151

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.

$379,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$10,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,446

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,3003$2,4804$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 3901 Valez Drive Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.76
    •  
  • 1305 Barclay Drive Carrollton, TX 2
    • 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1990
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 1125 Apache Lake Drive Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2010
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.85
    •  
  • 3945 Luke Lane Carrollton, TX 4
    • 5 beds 3 baths ∙ 2,875 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,875 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 1056 E Seminole Trail Carrollton, TX 5
    • 4 beds 4 baths ∙ 3,106 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,106 Sqft ∙ Built 1998
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Pamela Sollars
Re/max Cross Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477927
Last Updated: 11/28/2020
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