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1521 N Valley Parkway Lewisville, TX 75077

3 Beds 2 Baths 1,960 sqft Built 1986

$310,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $158.16
  • 4 Days on Market
  • MLS # : 14505749
  • Updated Date : 01/30/2021 at 08:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,960 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates Flower Mound

Listing Agent's Description

Ready to Move into a Gorgeous Updated One Owner Home? Walk along the Beautiful Landscaped Pathway to the front Entrance. Prepare a delicious meal in the recently remodeled modern Kitchen that offers new appliances and great preparation space. Relax in the living room perfect for entertaining guests that showcases a cozy stacked stone fireplace. Nothing compares to this Owner’s Suite has a Bonus Room that can be used for many purposes. No Carpet in this home makes it easier to clean. Hardwood Floors and Modern 24-inch Tile Flooring, Neutral Paint, Stained Fence for privacy. Don't miss out on this great neighborhood. You will enjoy Touring this Home. SELLER ASKS ALL OFFERS TO BE SUBMITTED BY 6PM SUN 1.31.2021.

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: Lewisville Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $114k336k

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

Neighborhood: Lewisville Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11092171

* 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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,077
Property Tax -$535
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
$119

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.

$310,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.6%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$24,816

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,994

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,9504$1,9705$1,995
$1,995
RENT COMPS ANALYSIS
  • 1521 N Valley Parkway Lewisville, TX 4
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.01
    •  
  • 1661 Juniper Lane Lewisville, TX 1
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1976
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
  • 1557 Summerwind Lane Lewisville, TX 2
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1986
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 1857 Chisolm Trail Lewisville, TX 3
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1978
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 1565 Glenmore Drive Lewisville, TX 5
    • 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 1988
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Pamela Cottrell
Jp & Associates Flower Mound
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505749
Last Updated: 01/30/2021
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