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10060 County Road 483 
Lavon, TX
75166
3 Beds 3 Baths 3,214 sqft
Built 2001
INVESTimate
$599,000
List Price
$164,485
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $186.37
- 2 Days on Market
- MLS # : 14418230
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 3,214 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Gorgeous gated custom home on 2.19 acres. This home has a custom kitchen with large center island and built in refrigerator. Hand scrapped wood floors in living area, study and master bedroom. See through fireplace in living area that opens into a dining room or additional sitting area. Crown molding throughout. Master suite also has a see through fireplace to enjoy a cozy evening with separate tub and spa like shower. This home also has a media room for your family movie night. Also included is a wet bar and great spaces for entertaining. Outside is a spacious covered living area with beautiful large trees and room for pool or playground. Also a 40 X 60 workshop with electricity.
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
Zip Code: 75166
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75166
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$2,210 |
| Property Tax | -$1,150 | |
| Property Insurance | -$213 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,372
|
||
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.
$599,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.41% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$164,485
LOAN DETAILS
$2,210
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
-0.25
YEARS SAVED
-$94
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$2,025
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
10060 County Road 483 Lavon, TX 2
- 3 beds 3 baths ∙ 3,214 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,214 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,300
- $0.72
-
462 Eisenhower Lane Lavon, TX 1
- 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 2011
LEASED 04/01/19- Rent
- Rent Per SQFT
- $1,850
- $0.63
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14418230
Last Updated: 08/25/2020
