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4211 Meadow Ridge Drive Carrollton, TX 75010

3 Beds 2 Baths 2,128 sqft Built 1985

$344,600

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $161.94
  • 4 Days on Market
  • MLS # : 14500119
  • Updated Date : 01/16/2021 at 12:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,128 sqft
  • Baths : 2 full
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

Updated Single Story House in Carrollton North area,3 bed,2 bath 2 car garage with 2 living areas.New paint and flooring in 2021.Granite counter tops and back splash in kitchen.beautiful back yard with 8 feet fence. First American Home warranty is in place and will be transferred to the buyers

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Meadow Ridge - Harvest Run

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Meadow Ridge - Harvest Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Indian Creek Elementary School Primary Regular 631 39 7
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Indian Creek Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 39
7
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

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

$310,140$379,060$344,600

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,197
Property Tax -$629
Property Insurance -$150
Property Management Fees -$99
CASH FLOW
-$75

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.

$344,600

PROJECTED PRICE

$2,000

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.9%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$97,069

INVESTMENT

$97,069

Down Payment
$86,150
Rehab Estimate
$5,750
Closing Costs
$5,169

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,197

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,150
Loan Amount $258,450
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,006

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,0004$2,0005$2,075
$2,075
RENT COMPS ANALYSIS
  • 4211 Meadow Ridge Drive Carrollton, TX 4
    • 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,128 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 1944 Oakbluff Drive Carrollton, TX 1
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1978
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 1912 Crestside Drive Carrollton, TX 2
    • 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1983
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 2022 Crestside Drive Carrollton, TX 3
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1983
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
  • 2022 Robin Hill Lane Carrollton, TX 5
    • 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 1983
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.95
    •  
PROPERTY LISTING DETAILS
Thomas Thaimuriyil
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500119
Last Updated: 01/16/2021
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