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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $132.23
- 5 Days on Market
- MLS # : 14482529
- Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,615 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
This stunning 5 bedroom, 3.5 bath home in coveted LISD sits on almost a quarter acre corner lot with a huge, sparking diving pool Beautiful wood floors in entry, formals, & family room. Floor to ceiling windows in family room overlook the backyard paradise. Kitchen boasts granite countertops, stainless appliances and great breakfast bar. Private master suite downstairs and 4 oversized bedrooms upstairs. Ideal location around the corner from Sam Rayburn with easy access to DFW airport, George Bush, schools, grocery stores, and shopping.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Indian Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Indian Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,940 |
| EXPENSES | Loan Payment | -$1,764 |
| Property Tax | -$873 | |
| Property Insurance | -$236 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$77
|
||
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.
$478,000
PROJECTED PRICE
$2,940
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$132,420
LOAN DETAILS
$1,764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $119,500 |
| Loan Amount | $358,500 |
3.67
YEARS SAVED
$20,464
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,940
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,973
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
4229 Saginaw Lane Carrollton, TX 3
- 5 beds 4 baths ∙ 3,615 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,615 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $2,940
- $0.81
-
4132 Saginaw Lane Carrollton, TX 1
- 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2005
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LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,700
- $0.71
-
4217 Chippewa Court Carrollton, TX 2
- 5 beds 4 baths ∙ 3,514 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,514 Sqft ∙ Built 2005
![property image]()
LEASED 08/24/19- Rent
- Rent Per SQFT
- $2,800
- $0.80
-
1512 Odell Drive Carrollton, TX 4
- 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2004
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,950
- $0.87
-
1308 Black Hawk Lane Carrollton, TX 5
- 4 beds 4 baths ∙ 3,272 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,272 Sqft ∙ Built 2015
![property image]()
LEASED 03/18/20- Rent
- Rent Per SQFT
- $2,975
- $0.91
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14482529
Last Updated: 12/13/2020
