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1379 Edmonton Drive Lewisville, TX 75077

5 Beds 3 Baths 3,356 sqft Built 1995

$369,900

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $110.22
  • 4 Days on Market
  • MLS # : 14473234
  • Updated Date : 11/19/2020 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,356 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

UPDATED & SPACIOUS. Fantastic floorplan features flex spaces for your family’s changing needs. Combo formals. Study (could be BR5!) Wonderful great room – open kitchen-breakfast-family room! The kitchen offers granite counters and storage galore! The downstairs owners retreat features a totally renovated bathroom with dual sinks, gorgeous quartz counters, and a custom closet. Upstairs offers 3 spacious bedrooms and a H*U*G*E gameroom. You’ll love the wood-look tile floors throughout the downstairs. Relax and enjoy with your friends and family in the private backyard. Walk to award-winning Huffines MS. Easy access to DFW Intl Airport & all major highways offers an efficient commute anywhere in DFW. See it today!

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

Neighborhood: Park Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Park Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262258

* 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
Valley Ridge Elementary School Primary Regular 535 40 5
Huffines Middle School Middle Regular 842 59 4
Lewisville High School High Regular 1,987 117 5

Valley Ridge Elementary School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 40
5
GreatSchools Rating

Huffines Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 59
4
GreatSchools Rating

Lewisville High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 117
5
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,365
Property Tax -$638
Property Insurance -$221
Property Management Fees -$99
CASH FLOW
$87

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.

$369,900

PROJECTED PRICE

$2,410

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$29,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,542

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,2953$2,4104$2,5505$2,699
$2,699
RENT COMPS ANALYSIS
  • 1379 Edmonton Drive Lewisville, TX 3
    • 5 beds 3 baths ∙ 3,356 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,356 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.72
    •  
  • 1517 Waterford Drive Lewisville, TX 1
    • 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 1991
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 1217 Ottawa Lane Lewisville, TX 2
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1997
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 1367 Emonton Drive Lewisville, TX 4
    • 4 beds 4 baths ∙ 3,457 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,457 Sqft ∙ Built 1993
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.74
    •  
  • 1260 Winnipeg Drive Lewisville, TX 5
    • 4 beds 3 baths ∙ 3,492 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,492 Sqft ∙ Built 1996
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $0.77
    •  
PROPERTY LISTING DETAILS
Nicole Smith
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473234
Last Updated: 11/19/2020
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