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1544 Barksdale Drive Lewisville, TX 75077

3 Beds 3 Baths 2,386 sqft Built 2009

INVESTimate

$350,000

List Price

$2,090

$1,881 - $2,299

Rent Est.

$376,950  ( +7.70%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $146.69
  • 5 Days on Market
  • MLS # : 14415816
  • Updated Date : 08/25/2020 at 09:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,386 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

Beautiful two-story open-concept home in a great subdivision. WOW! To stay with home in massive media room includes brand new 4K Ultra High Def projector comes equipped with an extra bulb, 5 speaker surround sound and sub-woofer, also includes a Roku for online streaming and option for Direct TV. Gorgeous wood floors, two dining areas, chair rim walls. The kitchen has granite counters with a breakfast bar, pantry, backsplash, and stainless steel appliances, fridge included! The office has french doors, the master on the main level has crown molding, a walk-in closet, and a bath with dual vanities, a garden tub, and a separate shower. Clean and move-in ready. Seller to give $1,000 for sod in front of the house.

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

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,291
Property Tax -$629
Property Insurance -$165
Property Management Fees -$99
CASH FLOW
-$95

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.

$350,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.70%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0904$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 1544 Barksdale Drive Lewisville, TX 3
    • 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.88
    •  
  • 1470 Cambridge Drive Lewisville, TX 1
    • 3 beds 3 baths ∙ 2,273 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,273 Sqft ∙ Built 2007
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 1617 Nightingale Drive Lewisville, TX 2
    • 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 1997
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 1344 Parma Drive Lewisville, TX 4
    • 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,374 Sqft ∙ Built 1998
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.88
    •  
  • 1532 Barksdale Drive Lewisville, TX 5
    • 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 2010
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
PROPERTY LISTING DETAILS
Eden Casey
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415816
Last Updated: 08/25/2020
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