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4607 Dusk Meadow Drive Carrollton, TX 75010

4 Beds 3 Baths 2,128 sqft Built 1988

$379,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $178.52
  • 5 Days on Market
  • MLS # : 14492928
  • Updated Date : 01/06/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,128 sqft
  • Baths : 3 full
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

BEAUTIFULLY UPDATED AND STYLISHLY UPGRADED TO APPEAL TO THE SAVVY BUYER, LOCATED IN THE SOUGHT-AFTER HIGH MEADOW OF INDIAN CREEK SUB-DIVISION, YES, IN LISD! Perfect floor plan with a master bedroom plus an office suite down and 2 bedrooms up. The kitchen is open to a large family room with a cozy fireplace with gas logs and views of the 20x18 extended patio, perfect for family gatherings. Kitchen compliments custom painted cabinets, SS Appliances, porcelain wood-plank tile in living, custom baths that has a glass shower with body jets & rain head. A MUST-SEE GEM! Please check documents before submitting the offer

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: High Meadow of Indian Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: High Meadow of Indian Creek

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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,320
Property Tax -$693
Property Insurance -$150
HOA -$13
Property Management Fees -$99
CASH FLOW
-$175

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.

$379,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.3%
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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,187

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,1004$2,1955$2,350
$2,350
RENT COMPS ANALYSIS
  • 4607 Dusk Meadow Drive Carrollton, TX 3
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
  • 2025 Topaz Drive Carrollton, TX 1
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1999
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 1803 Frosted Hill Drive Carrollton, TX 2
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1990
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.09
    •  
  • 2147 Arbor Creek Drive Carrollton, TX 4
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1995
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.05
    •  
  • 2111 Clearwater Trail Carrollton, TX 5
    • 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,271 Sqft ∙ Built 1988
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ali Murtaza
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 #: 14492928
Last Updated: 01/06/2021
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