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1217 Babbling Brook Drive Lewisville, TX 75067

4 Beds 2 Baths 2,051 sqft Built 1986

$325,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $158.46
  • 5 Days on Market
  • MLS # : 14460360
  • Updated Date : 10/30/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,051 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors/fm

Listing Agent's Description

Lovely single story home in established neighborhood w an abundance of mature trees. 4 beds, 2 full baths, 2 living areas, 2 dining areas & 2 car garage w addt'l RV-boat parking . 4th bed could make perfect office. Extensive wood floors, burled pic frame paneling, crown molding, 10 ft ceilings & exposed beams. Formal living boasts WBFP w raised hearth & gas starter. Kit w granite, tumbled marble bcksplsh & brkfst area w bay window. 2nd living w vaulted ceiling & wet bar. Mstr feat sitting area w bay window, sep shower, garden tub, dual vanities & lg WIC. BY w extended flagstone patio, storage building & plenty of space to play. Great location near multiple parks & new Thrive Multi-Generation Recreational Center

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: Indian Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Indian Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Parkway Elementary School Primary Regular 542 42 5
Hedrick Middle School Middle Regular 672 56 4
Lewisville High School Harmon Campus High Regular NA

Parkway Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 42
5
GreatSchools Rating

Hedrick Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 56
4
GreatSchools Rating

Lewisville High School Harmon Campus

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,199
Property Tax -$560
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
-$34

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.

$325,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,984

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$2,0003$2,0004$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 1217 Babbling Brook Drive Lewisville, TX 1
    • 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.96
    •  
  • 2041 Wanderlust Drive Lewisville, TX 2
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 1221 Marina Court Lewisville, TX 3
    • 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1996
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
  • 1201 Pleasant Oaks Drive Lewisville, TX 4
    • 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1996
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 1311 Autumn Trail Lewisville, TX 5
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1992
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jean M Seth
Ebby Halliday, Realtors/fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460360
Last Updated: 10/30/2020
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