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1612 Ambercrest Drive Lancaster, TX 75146

4 Beds 2 Baths 2,124 sqft Built 2016

$245,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $115.35
  • 2 Days on Market
  • MLS # : 14504244
  • Updated Date : 01/23/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,124 sqft
  • Baths : 2 full
Listing Agent

Capital Asset Advisors

Listing Agent's Description

Beautiful 4 Bed 2 Bath Home in Lancaster! This 2016 DR Horton Built home features a Large Entrance into this expansive formal living area with custom modern paint. This Lovely Home takes entertaining to the next level with a large open concept kitchen with upgraded backsplash perfect for family meals and gatherings. Home features multiple upgrades including lighting, paint, custom closet in secondary bedrooms, brick and stone flowerbeds, blinds, shutters and more! Schedule your tour today!

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: Bear Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Bear Creek Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211734

* 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
Lancaster Elementary School Primary Regular 585 33 7
Elsie Robertson Middle School Middle Regular 990 64 6
Lancaster High School High Regular 1,841 109 3

Lancaster Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 33
7
GreatSchools Rating

Elsie Robertson Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 64
6
GreatSchools Rating

Lancaster High School

  • Education Level: High
  • # of students: 1,841
  • # of teachers: 109
3
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$851
Property Tax -$651
Property Insurance -$150
HOA -$33
Property Management Fees -$99
CASH FLOW
$37

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.

$245,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,975

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,8004$1,8205$1,995
$1,995
RENT COMPS ANALYSIS
  • 1612 Ambercrest Drive Lancaster, TX 4
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.86
    •  
  • 2147 Candace Drive Lancaster, TX 1
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2017
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 1455 Carsen Way Lancaster, TX 2
    • 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,939 Sqft ∙ Built 2014
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.92
    •  
  • 1774 Pioneer Way Lancaster, TX 3
    • 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,970 Sqft ∙ Built 2015
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 1652 Ambercrest Drive Lancaster, TX 5
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kenneth Gilbert
Capital Asset Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504244
Last Updated: 01/23/2021
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