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11095 Ashland Way Shreveport, LA 71106

5 Beds 3 Baths 3,562 sqft Built 1994

$549,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $154.13
  • 2 Days on Market
  • MLS # : 277723NL
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,562 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Gosslee

Listing Agent's Description

Completely updated SMART HOME!! 5/3 with separate office. Fresh paint entire house inside & outside. Bamboo floors. New carpet in bedrooms. Granite counter tops in the kitchen, bathrooms, and laundry. Wine/beverage fridge. All new stainless steel appliances. 2 new hot water heaters. 2 new ac units. New roof. Smart home technology includes smart lock, Nest thermostat, Ring video doorbell, and a wireless camera system all of which can be accessed from your cell phone. Come see what this home has to offer!!

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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$1,907
Property Tax -$702
Property Insurance -$94
HOA -$110
Property Management Fees -$99
CASH FLOW
$208

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.

$549,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,099

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,120
1$3,1202$3,200
$3,200
RENT COMPS ANALYSIS
  • 11095 Ashland Way Shreveport, LA 1
    • 5 beds 3 baths ∙ 3,562 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,562 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $0.88
    •  
  • 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
Demario Hooper
Coldwell Banker Gosslee
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 277723NL
Last Updated: 03/19/2021
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