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1520 Camino Lago Irving, TX 75039

4 Beds 4 Baths 3,656 sqft Built 2007

$575,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $157.28
  • 2 Days on Market
  • MLS # : 14478842
  • Updated Date : 01/09/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,656 sqft
  • Baths : 3 full , 1 half
Listing Agent

D&b Brokerage Services Llc

Listing Agent's Description

Upscale La Villita living on this over sized corner lot. Luxury home with the finest amenities and quality of design. The many custom features include heavy iron entry door, gas lamp lights, French doors, cast stone fireplace, beamed ceilings, wood shutters, extensive hand scrapped hard oak floors downstairs and up. Fully loaded media room and additional game room upstairs. This home has it all with Gas cook top, high end granite and cabinetry, tankless hot water system. Just a short walk to exemplary La Villita elementary, 90 acre Lago de Claire lake, the Campion hike and bike trails. Energy Star energy efficient. Reduced DCURD taxes. Great location close to major highways and DFW airport.

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: La Villita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $107k473k

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

Neighborhood: La Villita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10433296

* 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
 

$517,500$632,500$575,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$1,997
Property Tax -$1,519
Property Insurance -$238
HOA -$65
Property Management Fees -$99
CASH FLOW
-$529

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.

$575,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 2.4%
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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,400

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3503$3,3904$3,4955$3,500
$3,500
RENT COMPS ANALYSIS
  • 1520 Camino Lago Irving, TX 3
    • 4 beds 4 baths ∙ 3,656 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,656 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $0.93
    •  
  • 408 Paluxy Drive Irving, TX 1
    • 4 beds 4 baths ∙ 3,720 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,720 Sqft ∙ Built 2011
    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
    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
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.93
    •  
  • 718 San Benito Irving, TX 5
    • 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2009
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.01
    •  
PROPERTY LISTING DETAILS
Mani Raveendran
D&b Brokerage Services Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478842
Last Updated: 01/09/2021
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