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1102 Holy Grail Drive Lewisville, TX 75056

6 Beds 5 Baths 4,713 sqft Built 1999

$649,900

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $137.90
  • 1 Days on Market
  • MLS # : 14505538
  • Updated Date : 01/23/2021 at 22:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,713 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

MULTI-GENERATION-home and apartment! Enjoy this Castle Hills beauty with separate 1 BR-1BA full apartment for extended family, guests or business above the 3 car detached garage. Tall foyer opens to formal living-dining and study, huge family room open to breakfast nook and large kitchen with island. Luxury master suite downstairs overlooking back yard. You'll be pleased with the upstairs...a huge gameroom, 4 more BRs (one BR could be media room) and 10x15 storage room. Freshly painted light gray, with new plush carpet. 2 blocks to Elem and middle schools, a neighborhood pool, shops, and parks. Bring your golf cart and clubs too! Home is 3945sf, apt 768sf.

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: 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
Castle Hills Elementary School Primary Regular 734 48 10
Killian Middle School Middle Regular 950 65 7
Hebron High School High Regular 2,458 138 7

Castle Hills Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 48
10
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
 

$584,910$714,890$649,900

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$2,257
Property Tax -$1,121
Property Insurance -$300
HOA -$67
Property Management Fees -$99
CASH FLOW
-$363

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.

$649,900

PROJECTED PRICE

$3,480

PROJECTED RENT

0.54%

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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $3,346

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,4503$3,480
$3,480
RENT COMPS ANALYSIS
  • 1102 Holy Grail Drive Lewisville, TX 3
    • 6 beds 5 baths ∙ 4,713 Sqft ∙ Built 1999 6 beds 5 baths ∙ 4,713 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $0.74
    •  
  • 3957 Freshwater Drive Carrollton, TX 1
    • 5 beds 4 baths ∙ 4,459 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,459 Sqft ∙ Built 2005
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.64
    •  
  • 2702 Sir Bedivere Lane Lewisville, TX 2
    • 5 beds 4 baths ∙ 4,414 Sqft ∙ Built 1999 5 beds 4 baths ∙ 4,414 Sqft ∙ Built 1999
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.78
    •  
PROPERTY LISTING DETAILS
Lori Ward
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505538
Last Updated: 01/23/2021
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