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4214 Wild Plum Drive Carrollton, TX 75010

4 Beds 3 Baths 2,428 sqft Built 1986

$369,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $151.98
  • 2 Days on Market
  • MLS # : 14519864
  • Updated Date : 02/20/2021 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,428 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bryan Bjerke

Listing Agent's Description

Updated home in sought after Oak Hills. Living room features a high ceiling with lots of natural light. Kitchen updated with cabinets and granite counter top. New stainless steel appliances. Large master bedroom with high ceiling and updated master bathroom. Large extra bedroom upstairs that can be used for study or office. Garage converted greatly, can be used for 2nd living room or play area. Well built car port for covered parking. Large shed for plenty of storage space. Other features: New carpets in all the bedrooms, fresh coat of paint, updated bathrooms, shutter blinds, lights fixtures, faucets. Welcome home!

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
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,282
Property Tax -$674
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
-$162

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.

$369,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.56%

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

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,027

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0203$2,0504$2,0605$2,195
$2,195
RENT COMPS ANALYSIS
  • 4214 Wild Plum Drive Carrollton, TX 4
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.85
    •  
  • 4200 Wild Plum Drive Carrollton, TX 1
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 1986
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 1203 Wild Cherry Drive Carrollton, TX 2
    • 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,408 Sqft ∙ Built 1992
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.84
    •  
  • 4226 Oak Mount Drive Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1988
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
  • 4213 Capstone Drive Carrollton, TX 5
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 1988
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bryan Nguyen
Bryan Bjerke
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519864
Last Updated: 02/20/2021
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