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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $170.75
- 2 Days on Market
- MLS # : 14484516
- Updated Date : 12/12/2020 at 10:57
CONSTRUCTION
- Beds : 3
- Floor Size : 1,405 sqft
- Baths : 2 full
Listing Agent
Loves Realty
Listing Agent's Description
Conveniently located Lewisville Valley home has Valley Ridge Elementary with its awesome STEM program. Several core systems have been updated including roof 3 years ago, HVAV 4 years ago, hot water heater 4 years ago, vinyl flooring 4 years ago, extended patio covering 4 years ago, microwave 1 year ago, and recent exterior paint. Classic floorplan features living room with fireplace overlooking ample yard. Garage has good size to it and nice long driveway. Bedrooms are separate from master which features walk in closet and private bath. Kitchen has pantry, extended countertop space, and overlooks yard. This home is a great find!
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lewisville Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$414 | |
| Property Insurance | -$108 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$204
|
||
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.
$239,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
9.25
YEARS SAVED
$35,260
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,560
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
1521 Winter Park Lane Lewisville, TX 4
- 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,710
- $1.22
-
1534 Springaire Lane Lewisville, TX 1
- 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1985
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,575
- $1.15
-
1367 Chinaberry Drive Lewisville, TX 2
- 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1986
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,650
- $1.07
-
1319 Colony Court Flower Mound, TX 3
- 3 beds 4 baths ∙ 1,538 Sqft ∙ Built 1984 3 beds 4 baths ∙ 1,538 Sqft ∙ Built 1984
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,675
- $1.09
-
1205 Ottawa Lane Lewisville, TX 5
- 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1997
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,750
- $1.13
PROPERTY LISTING DETAILS
Loves Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14484516
Last Updated: 12/12/2020
