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1108 Hazel Drive 
Lantana, TX
76226
4 Beds 4 Baths 4,082 sqft
Built 2014
INVESTimate
$689,500
List Price
$188,468
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $168.91
- 1 Days on Market
- MLS # : 14420748
- Updated Date : 08/26/2020 at 04:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,082 sqft
- Baths : 3 full , 1 half
Listing Agent
Your Home Free Llc
Listing Agent's Description
Stunning 2-story in Lantana backing to GREENBELT! Inside you will find 4 bedrooms, 3.5 baths, formal dining area, executive study, upstairs game and media rooms, and oversized 4-car garage! Upgrades throughout include rich hand-scraped hardwood flooring, vaulted beamed ceilings, floor-to-ceiling stone family room fireplace, wrought iron balusters, decorative lighting fixtures, mom's desk, built-ins, and MORE! Gourmet kitchen boasts granite countertops with tumbled stone backsplash, large island with breakfast bar and pendant lighting, double ovens, 6-burner gas cooktop! Luxurious master bath with jetted tub, his and hers vanities, and large walk-in closet. Large covered patio in backyard with cozy fireplace!
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: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,410 |
| EXPENSES | Loan Payment | -$2,544 |
| Property Tax | -$1,560 | |
| Property Insurance | -$263 | |
| HOA | -$124 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,180
|
||
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.
$689,500
PROJECTED PRICE
$3,410
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.07% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$188,468
LOAN DETAILS
$2,544
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $172,375 |
| Loan Amount | $517,125 |
0.08
YEARS SAVED
$49
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,410
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$3,551
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1108 Hazel Drive Lantana, TX 4
- 4 beds 4 baths ∙ 4,082 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,082 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $3,410
- $0.84
-
723 Lathrop Street Lantana, TX 1
- 4 beds 4 baths ∙ 4,009 Sqft ∙ Built 2009 4 beds 4 baths ∙ 4,009 Sqft ∙ Built 2009
LEASED 09/20/19- Rent
- Rent Per SQFT
- $3,200
- $0.80
-
8701 Bayberry Avenue Lantana, TX 2
- 4 beds 4 baths ∙ 3,767 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,767 Sqft ∙ Built 2010
LEASED 05/31/19- Rent
- Rent Per SQFT
- $3,245
- $0.86
-
1304 Foxglove Circle Lantana, TX 3
- 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2008
LEASED 04/21/20- Rent
- Rent Per SQFT
- $3,400
- $0.90
-
1401 Goldenrod Circle Lantana, TX 5
- 5 beds 4 baths ∙ 4,120 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,120 Sqft ∙ Built 2009
LEASED 05/29/20- Rent
- Rent Per SQFT
- $3,800
- $0.92
PROPERTY LISTING DETAILS
Your Home Free Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420748
Last Updated: 08/26/2020
