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1530 Laurel Hall Lane Little Elm, TX 75068

3 Beds 2 Baths 1,251 sqft Built 2001

$229,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

$66,674

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+8.8%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.6%
Cash Flow	-$1,032
Value Increase	$20,808

10 YEAR

Cash On Cash	-3.9%
Total Return	12.0%

PROPERTY INFO

SINGLE-FAMILY

February 20, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2001
Price/Sqft : $183.77
3 Days on Market
MLS # : 14519328
Updated Date : 02/19/2021 at 18:09

CONSTRUCTION

Beds : 3
Floor Size : 1,251 sqft
Baths : 2 full

Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Super cute Home on Corner Lot! Bright and open kitchen with Stainless Steel appliances and bar seating! Tile flooring in main areas with wood-look vinyl flooring in all bedrooms. No carpet! Spacious backyard including large covered patio! Whole Home Water-filtration system! Neighborhood features community pool and playground! Close to schools, shopping, Lake Lewisville, and much more!

Wynfield Dr

Little Elm, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

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)

Neighborhood: Wynfield Farms

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

Neighborhood: Wynfield Farms

* 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
Brent Elementary School	Primary	Regular	627	40	6
Lakeside Middle School	Middle	Regular	1,181	69	3
Little Elm High School	High	Regular	1,866	97	6

Brent Elementary School

Education Level: Primary
# of students: 627
# of teachers: 40

GreatSchools Rating

Lakeside Middle School

Education Level: Middle
# of students: 1,181
# of teachers: 69

GreatSchools Rating

Little Elm High School

Education Level: High
# of students: 1,866
# of teachers: 97

GreatSchools Rating

FINANCIALS

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$206,910$252,89000$229,900

PURCHASE PRICE

$1,278$1,56200$1,420

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,420
EXPENSES	Loan Payment	-$799
	Property Tax	-$482
	Property Insurance	-$100
	HOA	-$28
	Property Management Fees	-$99



CASH FLOW -$86

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.

$229,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	8.8%
Maintenance Year (1-5)	8.00%
Vacancy	6.39%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$66,674

Down Payment	$57,475
Rehab Estimate	$5,750
Closing Costs	$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$57,475
Loan Amount	$172,425

See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$4,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,420
LIST RENT
$1.14
LIST RENT PER SQFT

$1,317
COMP ESTIMATED VALUE
$1.05
COMP AVG. RENT PER SQFT

Comps Range

$1,420

1$1,4202$1,4753$1,5004$1,5505$1,550

$1,550

RENT COMPS ANALYSIS

1,251
PROPERTY SQFT
$1.05
AVG RENT PER SQFT
$1,317
ESTIMATED VALUE
$1,420
LIST RENT

1530 Laurel Hall Lane Little Elm, TX 3

3 beds 2 baths ∙ 1,251 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 2001
Price

Price Per SQFT

$229,900

$183.77
421 Port Lavaca Drive Little Elm, TX 1

3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2002
SOLD 10/07/20
Price

Price Per SQFT

$158,500

$127.11
1546 Thornhill Lane Little Elm, TX 2

3 beds 2 baths ∙ 1,268 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 2002
SOLD 09/24/20
Price

Price Per SQFT

$195,000

$153.79
2511 Cherry Drive Little Elm, TX 4

3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1999
SOLD 01/04/21
Price

Price Per SQFT

$235,000

$155.94
2656 Mariners Drive Little Elm, TX 5

3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2003
SOLD 10/30/20
Price

Price Per SQFT

$239,900

$159.19

1530 Laurel Hall Lane Little Elm, TX 1

3 beds 2 baths ∙ 1,251 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 2001
Rent

Rent Per SQFT

$1,420

$1.14
1564 Crown View Drive Little Elm, TX 2

3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2000
LEASED 01/25/21
Rent

Rent Per SQFT

$1,475

$1.01
1421 Knottingham Drive Little Elm, TX 3

3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2002
LEASED 02/12/21
Rent

Rent Per SQFT

$1,500

$1.05
1003 Port Aransas Drive Little Elm, TX 4

3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2001
LEASED 06/28/20
Rent

Rent Per SQFT

$1,550

$1.09
1581 Brookstone Drive Little Elm, TX 5

3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2000
LEASED 10/03/20
Rent

Rent Per SQFT

$1,550

$1.06

PROPERTY LISTING DETAILS

David Darty
Jp & Associates Frisco

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519328
Last Updated: 02/19/2021

1530 Laurel Hall Lane Little Elm, TX 75068

$229,900

$1,420

$66,674

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Brent Elementary School

Lakeside Middle School

Little Elm High School

FINANCIALS

$206,910$252,89000$229,900

$1,278$1,56200$1,420

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$229,900

$1,420

0.62%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$799

2.5

$4,657

$229,900

$183.77

$186,408

$149.01

COMPS RANGE

PRICE COMPS ANALYSIS

$1,420

$1.14

$1,317

$1.05

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS