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1521 Winter Park Lane Lewisville, TX 75077

3 Beds 2 Baths 1,405 sqft Built 1986

$239,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
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

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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

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
$1,575
1$1,5752$1,6503$1,6754$1,7105$1,750
$1,750
RENT COMPS ANALYSIS
  • 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
Audra Smolinski
Loves Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484516
Last Updated: 12/12/2020
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