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1613 Shadywood Lane Flower Mound, TX 75028

4 Beds 3 Baths 2,898 sqft Built 1994

$485,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $167.36
  • 4 Days on Market
  • MLS # : 14533500
  • Updated Date : 03/27/2021 at 21:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,898 sqft
  • Baths : 2 full , 1 half
Listing Agent

Magnolia Realty Argyle

Listing Agent's Description

**OFFER DEADLINE 3.28.2021 at 6pm** Gorgeous four bedroom home in south Flower Mound! Main living areas overlook a fenced manicured yard perfect for entertaining and complete with sparkling pool and pergola. Flex room at front of home is perfect for secondary formal living or a home office. Master suite offers exceptional morning light, and comes complete with a walk-in closet, shower and separate jetted tub. Game room, three bedrooms, additional storage, & secondary full bath upstairs. Perfectly nestled in the established neighborhood of Shadow Ridge, and conveniently located approximately 7 miles north of DFW, 1 mile from Bluebonnet Elementary, and less than 2 miles to Lakeside DFW.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Shadow Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Shadow Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Bluebonnet Elementary School Primary Regular 495 32 9
Shadow Ridge Middle School Middle Regular 721 52 10
Flower Mound High School High Regular 2,550 157 10

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 32
9
GreatSchools Rating

Shadow Ridge Middle School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 52
10
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,685
Property Tax -$837
Property Insurance -$195
HOA -$17
Property Management Fees -$99
CASH FLOW
-$222

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.

$485,000

PROJECTED PRICE

$2,610

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,804

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6103$2,7004$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 1613 Shadywood Lane Flower Mound, TX 2
    • 4 beds 3 baths ∙ 2,898 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,898 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.90
    •  
  • 1212 Baldcypress Lane Flower Mound, TX 1
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1996
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.95
    •  
  • 2722 Halsey Drive Flower Mound, TX 3
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1997
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 1304 Big Canyon Drive Flower Mound, TX 4
    • 4 beds 4 baths ∙ 2,931 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,931 Sqft ∙ Built 1998
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.97
    •  
  • 1701 Tree Line Road Flower Mound, TX 5
    • 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 1998
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.96
    •  
PROPERTY LISTING DETAILS
Ashley Hart
Magnolia Realty Argyle
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533500
Last Updated: 03/27/2021
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