Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4108 Carnation Drive Dalworthington Gardens, TX 76016

5 Beds 5 Baths 4,634 sqft Built 1990

$749,900

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $161.83
  • 3 Days on Market
  • MLS # : 14530872
  • Updated Date : 03/12/2021 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,634 sqft
  • Baths : 3 full , 2 half
Listing Agent

Sunny Graham Realty

Listing Agent's Description

This home is a buyers dream with amazing high end finishes and upgrades throughout. Home features 5 full bedrooms, formal living and dining rooms, open kitchen with breakfast nook, family room and an amazing media room upstairs. Owners suite with beautifully updated bathroom, heated tile floors, steam shower, free standing soaking tub and custom closet. Hidden gem in the home is a huge bonus room that has an entrance off of the family room as well as a private outdoor entrance. Resort style backyard perfect for entertaining features an outdoor kitchen with gas grill, refrigerator, ice maker, Kegerator, granite countertops and seating area. Huge Diving Pool, separate hot tub, and pool bath. This is 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: Dalworthington Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $117k407k

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

Neighborhood: Dalworthington Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10222831

* 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
Young Junior High School Middle Regular 792 53 7
Martin High School High Regular 3,361 199 7
Young Junior High School Middle Unknown NA

Young Junior High School

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 53
7
GreatSchools Rating

Martin High School

  • Education Level: High
  • # of students: 3,361
  • # of teachers: 199
7
GreatSchools Rating

Young Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$2,605
Property Tax -$1,624
Property Insurance -$295
HOA -$13
Property Management Fees -$99
CASH FLOW
-$785

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.

$749,900

PROJECTED PRICE

$3,850

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.0%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,850

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $3,846

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8503$3,900
$3,900
RENT COMPS ANALYSIS
  • 4108 Carnation Drive Dalworthington Gardens, TX 2
    • 5 beds 5 baths ∙ 4,634 Sqft ∙ Built 1990 5 beds 5 baths ∙ 4,634 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.83
    •  
  • 5206 Oak Lane Arlington, TX 1
    • 5 beds 5 baths ∙ 4,421 Sqft ∙ Built 1997 5 beds 5 baths ∙ 4,421 Sqft ∙ Built 1997
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.79
    •  
  • 3111 Collard Road Arlington, TX 3
    • 4 beds 4 baths ∙ 4,485 Sqft ∙ Built 1976 4 beds 4 baths ∙ 4,485 Sqft ∙ Built 1976
    property image
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jimmy Vernor
Sunny Graham Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530872
Last Updated: 03/12/2021
BESbswy