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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $164.76
- 3 Days on Market
- MLS # : 14479956
- Updated Date : 12/11/2020 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,883 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
David Weekley Homes built this 4,3.5,2 car with both game room, and media in 2012. The master bedroom is down with large master bath & walk-in shower, formal dining, study with glass doors, Half bath and large kitchen with custom vent-a-hood, stained cabinetry, 12 ft island for eat, play or homework. Upstairs is a game room with its classic windows could easily be a second study plus a media room, two bedrooms with jack and jill baths plus addn. bedroom and bath. Covered patio on the East. Plenty room for outdoor entertaining. Fountain in patio area stays. Updates includes soft water system thru out the home, 2 new hot water heaters.
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
Neighborhood: Castle Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Castle Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,990 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$819 | |
| Property Insurance | -$194 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$126
|
||
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.
$475,000
PROJECTED PRICE
$2,990
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
6.17
YEARS SAVED
$39,639
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,990
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$3,373
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
101 Angis Lane Lewisville, TX 2
- 4 beds 4 baths ∙ 2,883 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,883 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $2,990
- $1.04
-
304 Sir Brine Drive Lewisville, TX 1
- 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2011
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,799
- $1.04
-
108 Knight Of Realm Boulevard Lewisville, TX 3
- 4 beds 4 baths ∙ 2,776 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,776 Sqft ∙ Built 2018
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $3,160
- $1.14
-
3025 Damsel Sauvage Lane Lewisville, TX 4
- 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2018
![property image]()
LEASED 06/11/20- Rent
- Rent Per SQFT
- $3,500
- $1.25
-
3009 Damsel Sauvage Lane Lewisville, TX 5
- 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,790 Sqft ∙ Built 2019
![property image]()
LEASED 06/09/20- Rent
- Rent Per SQFT
- $3,500
- $1.25
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479956
Last Updated: 12/11/2020
