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11315 Lanewood Circle Dallas, TX 75218

3 Beds 3 Baths 1,619 sqft Built 1985

$330,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $203.83
  • 2 Days on Market
  • MLS # : 14471511
  • Updated Date : 11/14/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,619 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Uptown

Listing Agent's Description

Adorable treehouse living at its finest. This beauty is perched on a large coveted White Rock Creek lot, the perfect view to host your guests. Features a 2nd living area upstairs, that opens up to the master bedroom with en-suite bath. Lush views throughout. Nestled in the prestigious Lochwood community, and built in 1985. Walking, hiking trails and buffered by wildlife and trees. Bike to White Rock Lake or the Arboretum in minutes. When you're not biking, hiking or kayaking, you can charge your electric car right in your own garage!! Close to dining and entertainment. HVAC 2019, Deck Stain Seal 2018, Retaining Wall 2013, Gutters 2019. Bonus: Fridge, Washer, Dryer, Nest Thermostat and Nest doorbell included!!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Dixon Branch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k420k

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

Neighborhood: Dixon Branch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9472200

* 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
Martha Turner Reilly Elementary School Primary Regular 565 34 8
Robert T. Hill Middle School Middle Regular 945 64 4
Bryan Adams High School High Regular 1,939 118 4

Martha Turner Reilly Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
8
GreatSchools Rating

Robert T. Hill Middle School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 64
4
GreatSchools Rating

Bryan Adams High School

  • Education Level: High
  • # of students: 1,939
  • # of teachers: 118
4
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,218
Property Tax -$782
Property Insurance -$121
Property Management Fees -$99
CASH FLOW
-$410

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$330,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,813

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,8103$2,0004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 11315 Lanewood Circle Dallas, TX 2
    • 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,619 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.12
    •  
  • 8718 Grenadier Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1972
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.01
    •  
  • 11225 Cactus Lane Dallas, TX 3
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1970
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.23
    •  
  • 11417 Lochwood Boulevard Dallas, TX 4
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 1967
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 11230 Cactus Lane Dallas, TX 5
    • 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,767 Sqft ∙ Built 1969
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Norma Walker
Jp & Associates Uptown
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471511
Last Updated: 11/14/2020
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