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108 Lady Bird Court Venus, TX 76084

4 Beds 3 Baths 2,133 sqft Built 2021

$253,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $119.03
  • 3 Days on Market
  • MLS # : 14504771
  • Updated Date : 01/22/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,133 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

The Cypress plan is a gorgeous two-story home with 4 bedrooms, 2.5 baths, and features thousands of dollars in upgrades included! Upgrades include a full suite of energy-efficient appliances, granite countertops, designer wood cabinets with crown molding, brushed nickel hardware and an attached two-car garage with a Wi-Fi enabled door opener installed. The Cypress showcases a downstairs master suite complete with dual sinks, a huge walk-in closet and classic bay windows. The open layout, fit for entertaining, highlights the Cypress plan and the 3 additional bedrooms upstairs offer plenty of space for family and guests.This home is beautiful with a covered entryway, front yard landscaping and a fenced backyard.

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

Zip Code: 76084

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $101k243k

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

Zip Code: 76084

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9871734

* 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
J.a. Vitovsky Elementary Primary Regular 646 47 4
Frank Seale Middle School Middle Regular 908 48 7
Midlothian High School High Regular 2,390 141 6

J.a. Vitovsky Elementary

  • Education Level: Primary
  • # of students: 646
  • # of teachers: 47
4
GreatSchools Rating

Frank Seale Middle School

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 48
7
GreatSchools Rating

Midlothian High School

  • Education Level: High
  • # of students: 2,390
  • # of teachers: 141
6
GreatSchools Rating
 

$228,510$279,290$253,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$882
Property Tax -$398
Property Insurance -$150
HOA -$31
Property Management Fees -$99
CASH FLOW
$400

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$253,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,284

INVESTMENT

$69,284

Down Payment
$63,475
Rehab Estimate
$2,000
Closing Costs
$3,809

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$882

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,475
Loan Amount $190,425
See What Happens When You Reinvest Cash Flow

12.92

YEARS SAVED

$53,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,920

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,7503$1,8754$1,960
$1,960
RENT COMPS ANALYSIS
  • 108 Lady Bird Court Venus, TX 4
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.92
    •  
  • 166 Washington Way Venus, TX 1
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 2006
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.85
    •  
  • 413 Fox Hollow Venus, TX 2
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2003
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 154 Presidents Way Venus, TX 3
    • 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 2018
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504771
Last Updated: 01/22/2021
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