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1539 Lakeview Drive Keller, TX 76248

5 Beds 3 Baths 3,627 sqft Built 1995

$475,000

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $130.96
  • 3 Days on Market
  • MLS # : 14523492
  • Updated Date : 03/06/2021 at 10:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,627 sqft
  • Baths : 3 full
Listing Agent

Universal Realty. Inc

Listing Agent's Description

MULTIPLE OFFERS. Highest and best by 3:00, Saturday 3-6-21. Beautiful spacious home in Keller ISD Lakes of Highland Oaks. Gorgeous gourmet kitchen, Quartz countertops, high end stainless steel appliances, open to breakfast and family room with cozy fireplace. Master suite with remodeled bathroom including separate jetted tub + shower. Fresh paint in most areas, vaulted ceilings, wainscoting in dining, spacious closets and storage throughout. Master and 3 bedrooms upstairs with a split floor plan and a huge living area, guest room and studio or living downstairs. New attic insulation R40_44, 18 to 20 in. Entertain your friends and family out back on private backyard overlooking the beautiful pool.

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

Neighborhood: The Lakes of Highland Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: The Lakes of Highland Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
Shady Grove Elementary School Primary Regular 458 32 8
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Shady Grove Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 32
8
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,650
Property Tax -$997
Property Insurance -$237
Property Management Fees -$99
CASH FLOW
$78

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.

$475,000

PROJECTED PRICE

$3,060

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$26,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $3,373

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,0603$3,1904$3,2005$3,395
$3,395
RENT COMPS ANALYSIS
  • 1539 Lakeview Drive Keller, TX 2
    • 5 beds 3 baths ∙ 3,627 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,627 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.84
    •  
  • 1612 Highland Oaks Drive Keller, TX 1
    • 5 beds 4 baths ∙ 3,281 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,281 Sqft ∙ Built 1998
    property image
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.84
    •  
  • 1545 Briar Meadow Drive Keller, TX 3
    • 4 beds 4 baths ∙ 3,317 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,317 Sqft ∙ Built 1998
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $0.96
    •  
  • 1416 Briar Meadow Drive Keller, TX 4
    • 5 beds 3 baths ∙ 3,483 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,483 Sqft ∙ Built 1996
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.92
    •  
  • 1314 Haddington Lane Keller, TX 5
    • 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2001
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.00
    •  
PROPERTY LISTING DETAILS
Leticia Nava
Universal Realty. Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523492
Last Updated: 03/06/2021
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