Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1535 Barksdale Drive Lewisville, TX 75077

4 Beds 3 Baths 2,709 sqft Built 2006

$339,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $125.14
  • 2 Days on Market
  • MLS # : 14477836
  • Updated Date : 11/28/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,709 sqft
  • Baths : 2 full , 1 half
Listing Agent

Loves Realty

Listing Agent's Description

Upgrades galore for this builders MODEL home is move-in-ready! Handscraped hardwood floors (deep cleaned & re-urethaned in 2018), granite, plantation shutters throughout, upgraded hardware & fixtures, media room surround sound, custom draperies, TV mounts for master & media rooms, & more! East facing home features covered porch & drought tolerant landscaping. Master suite on first floor with large walk in closet, garden tub, dual sinks, & linen closet. Office complete with French doors for privacy. Dining room has custom draperies with complimenting rug. Garage has epoxy flooring, workbench, & shelves for storage. Updates include roof & gutters 17, garage door 17, garage door opener 20, dishwasher 18.

SEE MORE

MARKET HIGHLIGHTS

  • 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)

PRICE & RENT TRENDS

Zip Code: 75077

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k339k

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

Zip Code: 75077

ZipNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262290

* 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
 

$305,100$372,900$339,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,251
Property Tax -$585
Property Insurance -$184
HOA -$29
Property Management Fees -$99
CASH FLOW
$113

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.

$339,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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$0.0$5.0k$10k$15k

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$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$30,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,296

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,2604$2,3505$2,400
$2,400
RENT COMPS ANALYSIS
  • 1535 Barksdale Drive Lewisville, TX 3
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.83
    •  
  • 909 Fenimore Drive Lewisville, TX 1
    • 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,563 Sqft ∙ Built 1995
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 1104 Taylor Lane Lewisville, TX 2
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1997
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 1281 Michael Avenue Lewisville, TX 4
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1996
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 1416 Old Oak Trail Flower Mound, TX 5
    • 4 beds 3 baths ∙ 2,896 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,896 Sqft ∙ Built 1998
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
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 #: 14477836
Last Updated: 11/28/2020
BESbswy