Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1219 Babbling Brook Drive Lewisville, TX 75067

3 Beds 2 Baths 1,670 sqft Built 1986

$290,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $173.65
  • 1 Days on Market
  • MLS # : 14496966
  • Updated Date : 01/09/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Lewisville one-story home offers quartz countertops, and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,007
Property Tax -$500
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$70

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.

$290,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.62%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$19,555

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,799

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8003$1,8504$1,9255$2,095
$2,095
RENT COMPS ANALYSIS
  • 1219 Babbling Brook Drive Lewisville, TX 2
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
  • 1168 Settlers Way Lewisville, TX 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1986
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.03
    •  
  • 2065 Sienna Trail Lewisville, TX 3
    • 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,681 Sqft ∙ Built 1986
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
  • 2021 Woven Trail Lewisville, TX 4
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1991
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.04
    •  
  • 1229 Settlers Way Lewisville, TX 5
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1985
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.14
    •  
PROPERTY LISTING DETAILS
Feras Rachid
Opendoor Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496966
Last Updated: 01/09/2021
BESbswy