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1042 Winterberry Lane Shreveport, LA 71106

4 Beds 4 Baths 3,556 sqft Built 2011

$675,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $189.82
  • 2 Days on Market
  • MLS # : 279545NL
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,556 sqft
  • Baths : 3 full , 1 half
Listing Agent

Susannah Hodges, Llc

Listing Agent's Description

Classic beauty in Provenance with all Stucco exterior. Great floor plan, perfect for a family. The kitchen features pretty Granite countertops, custom cabinetry and premium appliances. Spacious courtyard with wonderful screened porch. One of the best and largest lots in the neighborhood. Upstairs, 3 spacious bedrooms. One of the bedrooms includes built-in shelving with a hideaway room!

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: Ellerbe Woods

NeighborhoodNIR Market*CityMarket2010Year2004 Q3201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $73k326k

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

Neighborhood: Ellerbe Woods

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q29001000110012001300140015001600170018001900200021002200Rent in $8482263

* 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
Claiborne Fundamental Elementary School Primary Magnet 401 26 10
Caddo Middle Magnet Middle Magnet 1,281 65 10
Caddo Parish Magnet High School High Magnet 1,122 69 9

Claiborne Fundamental Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 26
10
GreatSchools Rating

Caddo Middle Magnet

  • Education Level: Middle
  • # of students: 1,281
  • # of teachers: 65
10
GreatSchools Rating

Caddo Parish Magnet High School

  • Education Level: High
  • # of students: 1,122
  • # of teachers: 69
9
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$2,345
Property Tax -$864
Property Insurance -$94
HOA -$93
Property Management Fees -$99
CASH FLOW
-$435

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$675,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 1.39%
Appreciation Year (1-5) 18.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.82%
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$3.0M

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$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $3,094

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,060
1$3,0602$3,200
$3,200
RENT COMPS ANALYSIS
  • 1042 Winterberry Lane Shreveport, LA 1
    • 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.86
    •  
  • 407 Saint Charles Boulevard Shreveport, LA 2
    • 4 beds 3 baths ∙ 3,668 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,668 Sqft ∙ Built 2011
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Susannah Hodges
Susannah Hodges, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 279545NL
Last Updated: 03/19/2021
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