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101 Angis Lane Lewisville, TX 75056

4 Beds 4 Baths 2,883 sqft Built 2012

$475,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
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

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: 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

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
$2,799
1$2,7992$2,9903$3,1604$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 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
Marilyn Lair
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479956
Last Updated: 12/11/2020
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