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132 Lavaca Drive Irving, TX 75039

4 Beds 4 Baths 3,685 sqft Built 2009

$519,900

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $141.09
  • 5 Days on Market
  • MLS # : 14491733
  • Updated Date : 12/30/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,685 sqft
  • Baths : 3 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Move-in ready, corner lot 4 bedroom, 3.5 bath plus office and media room home with tons of curb appeal and greenbelt access. You're warmly welcomed the moment you step inside the grand foyer. Natural light fills the home. Gourmet kitchen with stainless steel appliances and granite countertops. The serene downstairs primary suite boasts dual sinks, a separate shower, and a large tub. Amazing backyard with covered patio and lush landscaping provides additional outdoor living and entertaining space. Ideal location for work commute with easy access to 635, Bush turnpike, 35, and DART station. Walking distance to Whole Foods Market, 13 mile Campion Trail for biking and running, community park & many dining options.

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: Riverside Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $107k519k

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

Neighborhood: Riverside Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10433548

* 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
La Villita Elementary School Primary Regular 584 34 7
Barbara Bush Middle School Middle Regular 672 44 4
Ranchview High School High Regular 843 56 5

La Villita Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 34
7
GreatSchools Rating

Barbara Bush Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 44
4
GreatSchools Rating

Ranchview High School

  • Education Level: High
  • # of students: 843
  • # of teachers: 56
5
GreatSchools Rating
 

$467,910$571,890$519,900

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$1,918
Property Tax -$1,510
Property Insurance -$240
HOA -$66
Property Management Fees -$99
CASH FLOW
-$474

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.

$519,900

PROJECTED PRICE

$3,360

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.9%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,524

INVESTMENT

$143,524

Down Payment
$129,975
Rehab Estimate
$5,750
Closing Costs
$7,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,918

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,975
Loan Amount $389,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,390

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3503$3,3604$3,4955$3,500
$3,500
RENT COMPS ANALYSIS
  • 132 Lavaca Drive Irving, TX 3
    • 4 beds 4 baths ∙ 3,685 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,685 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $0.91
    •  
  • 408 Paluxy Drive Irving, TX 1
    • 4 beds 4 baths ∙ 3,720 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,720 Sqft ∙ Built 2011
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.86
    •  
  • 7824 Southfork Bend Irving, TX 2
    • 4 beds 5 baths ∙ 3,651 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,651 Sqft ∙ Built 2014
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.92
    •  
  • 6723 Capistrano Street Irving, TX 4
    • 4 beds 4 baths ∙ 3,766 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,766 Sqft ∙ Built 2012
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.93
    •  
  • 7878 Swenson Drive Irving, TX 5
    • 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2016
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jennifer Viner
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491733
Last Updated: 12/30/2020
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