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4325 Kestrel Way Carrollton, TX 75010

3 Beds 3 Baths 1,978 sqft Built 2008

$364,990

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $184.52
  • 3 Days on Market
  • MLS # : 14503594
  • Updated Date : 02/27/2021 at 18:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,978 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ink Realty Group, Llc

Listing Agent's Description

Three bedroom beauty with soaring ceilings in Quail Creek North in Carrollton. Master on main level with an en-suite bath showcasing his & hers vanities, garden tub, shower, and a large walk in closet. Beautiful hardwoods in the living room, which flows into the kitchen featuring granite countertops and stainless steel appliances. Second floor living space is waiting for your ideas. Spacious secondary bedrooms with walk in closets. Amenities include pool, park, front yard mowing & trimming. Great access to DNT, 121, 35.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: 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
Castle Hills Elementary School Primary Regular 734 48 10
Killian Middle School Middle Regular 950 65 7
Hebron High School High Regular 2,458 138 7

Castle Hills Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 48
10
GreatSchools Rating

Killian Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 65
7
GreatSchools Rating

Hebron High School

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

$328,491$401,489$364,990

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,268
Property Tax -$666
Property Insurance -$142
HOA -$108
Property Management Fees -$99
CASH FLOW
$7

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.

$364,990

PROJECTED PRICE

$2,290

PROJECTED RENT

0.63%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$102,472

INVESTMENT

$102,472

Down Payment
$91,248
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,248
Loan Amount $273,743
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,314

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2903$2,3004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4325 Kestrel Way Carrollton, TX 2
    • 3 beds 3 baths ∙ 1,978 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,978 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.16
    •  
  • 4341 Kestrel Way Carrollton, TX 1
    • 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 2009
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.25
    •  
  • 4325 Peregrine Way Carrollton, TX 3
    • 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 2009
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 1628 Falconet Court Carrollton, TX 4
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2011
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.20
    •  
  • 1763 Bluebird Court Carrollton, TX 5
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2015
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Dedrick Flowers
Ink Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503594
Last Updated: 02/27/2021
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