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4633 Man O War Road Carrollton, TX 75010

4 Beds 4 Baths 3,994 sqft Built 2014

$649,900

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $162.72
  • 3 Days on Market
  • MLS # : 14462074
  • Updated Date : 11/07/2020 at 14:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,994 sqft
  • Baths : 4 full
Listing Agent

Reno Group Realty

Listing Agent's Description

Beautiful home nestled in Mustang Park with tons of upgrades. Meticulously maintained, one owner home has Master Down along with secondary guest bedroom featuring a full bath on first floor. 2 Bedrooms up both with full baths. Featuring custom window coverings and a Gourmet Kitchen with upgraded gas stove. Enjoy the game room and media room upstairs with built in custom cabinetry for your entertainment use. Relax on covered back patio with oversized backyard and views of the sunset while grilling. Community has a 3.5 acre park with a large pond, hike and bike trails, playground and community swimming pool. Mustang Park is served by Lewisville ISD and just walking distance from Hebron HS. Builder: Darling Homes

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: Northeast Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $120k336k

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

Neighborhood: Northeast Carrollton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10862171

* 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
 

$584,910$714,890$649,900

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,398
Property Tax -$1,186
Property Insurance -$258
HOA -$63
Property Management Fees -$99
CASH FLOW
-$544

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.

$649,900

PROJECTED PRICE

$3,460

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 12.4%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,445

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,3004$3,4605$3,700
$3,700
RENT COMPS ANALYSIS
  • 4633 Man O War Road Carrollton, TX 4
    • 4 beds 4 baths ∙ 3,994 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,994 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $0.87
    •  
  • 3124 Prestonwood Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,657 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,657 Sqft ∙ Built 1999
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
  • 6801 Columbine Way Plano, TX 2
    • 3 beds 4 baths ∙ 3,810 Sqft ∙ Built 1995 3 beds 4 baths ∙ 3,810 Sqft ∙ Built 1995
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.81
    •  
  • 3200 Prestonwood Drive Plano, TX 3
    • 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1999
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.90
    •  
  • 2308 Cardinal Boulevard Carrollton, TX 5
    • 5 beds 6 baths ∙ 4,025 Sqft ∙ Built 2011 5 beds 6 baths ∙ 4,025 Sqft ∙ Built 2011
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Irene Aleman
Reno Group Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462074
Last Updated: 11/07/2020
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