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1321 Lucchese Lane Dallas, TX 75253

4 Beds 3 Baths 2,105 sqft Built 2017

$265,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $125.89
  • 2 Days on Market
  • MLS # : 14517099
  • Updated Date : 02/13/2021 at 14:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,105 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

Gorgeous well-maintained home with plenty of upgrades, this home features a large family room with lots of natural lighting. Spacious master suite features a bay window, large walk-in closet, soaker tub and separate shower. Upgrades include: Fresh paint in bedrooms, living room, kitchen, and hallways. Installed modern wood like tile from entry to laundry room. Brand New ceiling fans in Master, Upstairs, Back Patio and Living room with Smart technology. Brand New Sink installed in Half bathroom. Brand New light fixtures in Shelves and Mirrors. Upgraded Garage Door WIFI Opener. Fresh blinds on all windows! Check out the Completely Renovated Back Patio, ONLY ONE in the area!! This home is a must see!!!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Shady Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Shady Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8371734

* 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
Seagoville North Elementary School Primary Unknown NA
Seagoville Middle School Middle Regular 1,151 68 3
Seagoville High School High Regular 1,289 77 3

Seagoville North Elementary School

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

Seagoville Middle School

  • Education Level: Middle
  • # of students: 1,151
  • # of teachers: 68
3
GreatSchools Rating

Seagoville High School

  • Education Level: High
  • # of students: 1,289
  • # of teachers: 77
3
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$920
Property Tax -$628
Property Insurance -$149
HOA -$25
Property Management Fees -$99
CASH FLOW
-$62

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.

$265,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$6,180

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,7253$1,7254$1,7605$1,775
$1,775
RENT COMPS ANALYSIS
  • 1321 Lucchese Lane Dallas, TX 4
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.84
    •  
  • 104 Quail Run Drive Seagoville, TX 1
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 14267 Chaps Drive Dallas, TX 2
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2019
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.83
    •  
  • 14325 Wrangler Seagoville, TX 3
    • 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2019
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.82
    •  
  • 15623 Gatsby Lane Dallas, TX 5
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2016
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.82
    •  
PROPERTY LISTING DETAILS
Ruben Luna
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517099
Last Updated: 02/13/2021
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