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1261 Valley Oaks Drive 
Lewisville, TX
75067
3 Beds 2 Baths 2,098 sqft
Built 1997
INVESTimate
$310,000
List Price
$87,900
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $147.76
- 1 Days on Market
- MLS # : 14421010
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,098 sqft
- Baths : 2 full
Listing Agent
Seasons Of Life Re Group Llc
Listing Agent's Description
Well-maintained home on corner lot in desirable area close to shops and restaurants. Home has large master suite, office with built ins, formal dining, wood flooring, sprinkler system and open floor plan. Come relax on on the covered porch and enjoy the shaded back yard.
SEE MORE
- . 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: Water Oak Estates South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Water Oak Estates South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$535 | |
| Property Insurance | -$148 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$64
|
||
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.
$310,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
5.83
YEARS SAVED
$24,251
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,203
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
1261 Valley Oaks Drive Lewisville, TX 1
- 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,990
- $0.95
-
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 08/07/20- Rent
- Rent Per SQFT
- $2,150
- $1.02
-
1208 Longhorn Drive Lewisville, TX 4
- 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,957 Sqft ∙ Built 1996
LEASED 06/20/20- Rent
- Rent Per SQFT
- $2,175
- $1.11
-
1321 Mustang Drive Lewisville, TX 5
- 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 1995
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,325
- $1.09
PROPERTY LISTING DETAILS
Seasons Of Life Re Group Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14421010
Last Updated: 08/26/2020
