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4637 Stone Oak Drive Carrollton, TX 75010

4 Beds 4 Baths 3,339 sqft Built 2016

$589,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $176.40
  • 3 Days on Market
  • MLS # : 14531939
  • Updated Date : 03/12/2021 at 20:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,339 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors Plano

Listing Agent's Description

Virtual tour only tenant occupied through the end of July showing can be set up after offer received.Exquisite home in pristine condition. Fully upgraded with beautiful Wd flooring, granites, marbles, millwork, lighting, custom wrought iron stairs, extended back patio.Oversized Study boasts 2 sets of French doors. Fml Dining is accented w upgraded chandelier & wall sconces. Kitch has over sized island that allows up to 5 barstools,above & below cabinet lighting,pull out spice racks,glass cabinet doors,WI pantry,5 burner gas cooktop.Breakfast area has window seat. 2 Story fam rm is accented w BI cabs & shelves and beamed ceilings. Elegant Mst Ste boasts beamed ceilings oversized shower & 3 separate. vanities

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: Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Independence Elementary School Primary Regular 790 51 5
Killian Middle School Middle Regular 950 65 7
Hebron High School High Regular 2,458 138 7

Independence Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 51
5
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
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$2,046
Property Tax -$1,075
Property Insurance -$220
HOA -$63
Property Management Fees -$99
CASH FLOW
-$183

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.

$589,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$13,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,147

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,975
1$2,9752$2,9903$3,1504$3,1505$3,320
$3,320
RENT COMPS ANALYSIS
  • 4637 Stone Oak Drive Carrollton, TX 5
    • 4 beds 4 baths ∙ 3,339 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,339 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $0.99
    •  
  • 1308 Black Hawk Lane Carrollton, TX 1
    • 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
    •  
  • 636 King Lionel Lane Lewisville, TX 2
    • 5 beds 3 baths ∙ 3,186 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,186 Sqft ∙ Built 2003
    property image
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.94
    •  
  • 1020 River Rock Way Carrollton, TX 3
    • 4 beds 4 baths ∙ 3,262 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,262 Sqft ∙ Built 2016
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.97
    •  
  • 1031 River Rock Way Carrollton, TX 4
    • 4 beds 4 baths ∙ 3,319 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,319 Sqft ∙ Built 2015
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.95
    •  
PROPERTY LISTING DETAILS
Karen Mackanos Long
Ebby Halliday, Realtors Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531939
Last Updated: 03/12/2021
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