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1460 Jewels Way Lewisville, TX 75067

3 Beds 2 Baths 1,876 sqft Built 2000

$339,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $181.18
  • 5 Days on Market
  • MLS # : 14530347
  • Updated Date : 03/18/2021 at 11:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,876 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Fantastic find in Lewisville in Bellaire Estates. Single story home that has been meticulously maintained with new energy efficient HVAC installed Fall of 2020. All windows updated August of 2019 along with HW Heater in January 2019. Floorplan offers split bedrooms and open space for entertaining. Dining Rm is currently used as an office, french doors in attic if new owners prefer. Large backyard with grass has a relaxing covered patio. Nearby shopping, dining, and entertainment.

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

Zip Code: 75067

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $113k290k

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

Zip Code: 75067

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10501939

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,181
Property Tax -$586
Property Insurance -$136
Property Management Fees -$99
CASH FLOW
-$321

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$339,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7503$1,9004$1,9955$2,175
$2,175
RENT COMPS ANALYSIS
  • 1460 Jewels Way Lewisville, TX 1
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.90
    •  
  • 802 Pebble Ridge Drive Lewisville, TX 2
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 1999
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 1129 Linlee Lane Lewisville, TX 3
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1999
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 805 Kathryn Drive Lewisville, TX 4
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2000
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
  • 1461 Jewels Way Lewisville, TX 5
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1999
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.16
    •  
PROPERTY LISTING DETAILS
Sharon Cash
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530347
Last Updated: 03/18/2021
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