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1218 Indian Paint Trail Lewisville, TX 75067

3 Beds 2 Baths 2,038 sqft Built 1991

$335,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $164.38
  • 3 Days on Market
  • MLS # : 14463483
  • Updated Date : 11/07/2020 at 19:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,038 sqft
  • Baths : 2 full
Listing Agent

Paragon Realtors

Listing Agent's Description

Welcome Home! Stunning inside and out! This single story home has been meticulously updated throughout and is waiting for your arrival! Master bedroom has en suite bathroom with a garden tub and separate shower. Second bathroom updated 2020. Kitchen and bathroom have new tile floors and new luxury plank flooring throughout house and master bedroom. Fresh paint inside and out. Newer AC and duct work, brand new hot water heater. 2020 replaced all fascia, chimney, all windows and installed gutter guards. Great location near parks and trails and the new Thrive Mulit-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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,236
Property Tax -$578
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$118

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.

$335,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.58%

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

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,023

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9403$1,9454$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 1218 Indian Paint Trail Lewisville, TX 2
    • 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.95
    •  
  • 2021 Woven Trail Lewisville, TX 1
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1991
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.04
    •  
  • 1206 Indian Paint Trail Lewisville, TX 3
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1985
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.97
    •  
  • 2041 Wanderlust Drive Lewisville, TX 4
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 1311 Autumn Trail Lewisville, TX 5
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1992
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sheri Smith
Paragon Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463483
Last Updated: 11/07/2020
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