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1436 Sunswept Terrace Lewisville, TX 75077

4 Beds 2 Baths 2,165 sqft Built 1995

$327,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $151.45
  • 2 Days on Market
  • MLS # : 14509657
  • Updated Date : 01/31/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,165 sqft
  • Baths : 2 full
Listing Agent

Your Home Free Llc

Listing Agent's Description

Gorgeous single-story with beautiful brick elevation in terrific Lewisville location! Inside you will find 4 bedrooms, 2 full baths, formal living & dining areas, and 2-car garage! Upgrades & amenities throughout include designer paint tones, rich laminate flooring, vaulted ceilings, open layout great for entertaining, decorative lighting fixtures, TONS of living space & MORE! Gourmet island kitchen boasts granite countertops with tumbled stone backsplash, an abundance of cabinetry, electric cooktop, SS appliances, and spacious nook. Private master suite offers his & hers sinks, garden tub with separate shower, and walk-in closet. Large backyard complete with a pergola-covered side patio & tons of yard space!

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: Valley Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Valley Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
 

$295,110$360,690$327,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,139
Property Tax -$565
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
-$6

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.

$327,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$10k$12k

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$92,644

INVESTMENT

$92,644

Down Payment
$81,975
Rehab Estimate
$5,750
Closing Costs
$4,919

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,139

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,975
Loan Amount $245,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,938

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,0004$2,0505$2,200
$2,200
RENT COMPS ANALYSIS
  • 1436 Sunswept Terrace Lewisville, TX 2
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 1100 Raleigh Drive Lewisville, TX 1
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 1996
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 1617 Nightingale Drive Lewisville, TX 3
    • 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 1997
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 1432 Sunswept Terrace Lewisville, TX 4
    • 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 1995
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 585 Calvert Court Lewisville, TX 5
    • 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2004
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
William T. Nelson
Your Home Free Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509657
Last Updated: 01/31/2021
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