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125 Chelsea Court Lewisville, TX 75067

4 Beds 2 Baths 2,198 sqft Built 2014

INVESTimate

$349,900

List Price

$2,160

$1,944 - $2,376

Rent Est.

$384,050  ( +9.76%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2014
  • Price/Sqft : $159.19
  • 9 Days on Market
  • MLS # : 14415445
  • Updated Date : 08/23/2020 at 22:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,198 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

Beautiful single story 4 bedroom home! Separate dining area area at front of home could easily be turned into an office. Gourmet kitchen with handcrafted custom cabinets, 3 cm granite, stainless steel appliances, tumbled stone backsplash, oil rubbed bronze fixtures and lighting, crown molding, etc.! Open floorplan with spilt bedrooms: master is off family room. All other bedrooms are spread out down 1 hallway. List of updates includes: 20x20 designer tile throughout, custom vanity in master bath suite with royal jetted tub. Ideal location minutes from 35E, 121, George Bush and shopping.

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

Zip Code: 75067

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $113k290k

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

Zip Code: 75067

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10501939

* 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
Lewisville Elementary School Primary Regular 810 59 4
Delay Middle School Middle Regular 984 75 3
Lewisville High School Harmon Campus High Regular NA

Lewisville Elementary School

  • Education Level: Primary
  • # of students: 810
  • # of teachers: 59
4
GreatSchools Rating

Delay Middle School

  • Education Level: Middle
  • # of students: 984
  • # of teachers: 75
3
GreatSchools Rating

Lewisville High School Harmon Campus

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

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-$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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,291
Property Tax -$609
Property Insurance -$154
HOA -$48
Property Management Fees -$99
CASH FLOW
-$42

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.

$349,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.76%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,149

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,1604$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 125 Chelsea Court Lewisville, TX 3
    • 4 beds 2 baths ∙ 2,198 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,198 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.98
    •  
  • 553 Continental Drive Lewisville, TX 1
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 1999
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 2049 Caitlin Drive Lewisville, TX 2
    • 4 beds 2 baths ∙ 2,215 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,215 Sqft ∙ Built 1999
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
  • 113 Chelsea Court Lewisville, TX 4
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 2014
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.04
    •  
  • 120 Chelsea Court Lewisville, TX 5
    • 4 beds 2 baths ∙ 2,197 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,197 Sqft ∙ Built 2014
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.04
    •  
PROPERTY LISTING DETAILS
Rebecca Hausmann
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415445
Last Updated: 08/23/2020
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