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1112 Becky Lane Lancaster, TX 75134

4 Beds 2 Baths 1,678 sqft Built 1998

$216,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $128.72
  • 2 Days on Market
  • MLS # : 14531076
  • Updated Date : 03/12/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,678 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Gorgeous 4bed 2bath, is clean and move in ready in this sweet, highly desirable Lancaster neighborhood! It's split floor plan allows you to relax in this master suite with a stand-up shower and a soaking tub and nice walk in closet. No HOA! This home has a huge backyard ready for family gatherings and entertaining.

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: Pleasant Manor Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k243k

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

Neighborhood: Pleasant Manor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8701734

* 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
Belt Line Elementary School Primary Regular 572 35 4
Elsie Robertson Middle School Middle Regular 990 64 6
Lancaster High School High Regular 1,841 109 3

Belt Line Elementary School

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 35
4
GreatSchools Rating

Elsie Robertson Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 64
6
GreatSchools Rating

Lancaster High School

  • Education Level: High
  • # of students: 1,841
  • # of teachers: 109
3
GreatSchools Rating
 

$194,400$237,600$216,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$750
Property Tax -$550
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$27

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.

$216,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,990

INVESTMENT

$62,990

Down Payment
$54,000
Rehab Estimate
$5,750
Closing Costs
$3,240

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$750

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,000
Loan Amount $162,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$9,800

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,577

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5503$1,5954$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 1112 Becky Lane Lancaster, TX 2
    • 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 1114 Alicia Lane Lancaster, TX 1
    • 4 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,571 Sqft ∙ Built 1998
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.95
    •  
  • 1105 Meadow Creek Drive Lancaster, TX 3
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1986
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 1811 Kings Cross Drive Lancaster, TX 4
    • 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 2003
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 1020 Balkan Drive Lancaster, TX 5
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 2004
    property image
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
PROPERTY LISTING DETAILS
Chevakia Boston
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531076
Last Updated: 03/12/2021
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