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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $160.41
- 4 Days on Market
- MLS # : 14479791
- Updated Date : 12/04/2020 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,026 sqft
- Baths : 2 full
Listing Agent
Keller Williams Rockwall
Listing Agent's Description
MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST OFFERS DUE SUN 12.06 AT 12PM CST. Welcome to this barely lived in D.R. Horton home situated just minutes from Lake Lewisville. Fall in love with the expansive, easy to maintain woodlook tile floors thru-out with carpet in bdrms. Open concept living space is perfect for entertaining family & friends during the holidays. Preparing meals is a breeze in the spacious kitchen with a gas ck-top, under-mount lighting, granite counters, subway tile backsplash, and island. Secluded owners rooms offers relaxing en suite with dual sinks, luxurious garden tub & WIC. Flex room positioned in the front of the home is great for working from home, play room or second living space.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 75077
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75077
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$560 | |
| Property Insurance | -$144 | |
| HOA | -$26 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$81
|
||
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
$2,110
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6.08
YEARS SAVED
$26,567
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,112
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
1303 Verona Lane Lewisville, TX 2
- 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,110
- $1.04
-
1502 Gunnison Trail Lewisville, TX 1
- 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,986 Sqft ∙ Built 2004
LEASED 07/26/20- Rent
- Rent Per SQFT
- $1,950
- $0.98
-
2010 Sorrento Lane Lewisville, TX 3
- 4 beds 2 baths ∙ 2,035 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,035 Sqft ∙ Built 2016
LEASED 01/04/20- Rent
- Rent Per SQFT
- $2,150
- $1.06
-
1307 Verona Lane Lewisville, TX 4
- 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2016
LEASED 05/12/20- Rent
- Rent Per SQFT
- $2,200
- $1.03
-
1320 Venezia Lane Lewisville, TX 5
- 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2016
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,240
- $1.10
PROPERTY LISTING DETAILS
Keller Williams Rockwall
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479791
Last Updated: 12/04/2020
