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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $156.70
- 3 Days on Market
- MLS # : 14486709
- Updated Date : 12/18/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,672 sqft
- Baths : 2 full
Listing Agent
Jp And Associates Justin
Listing Agent's Description
Open concept home in Lewisville! This gem had several updates done just a few years ago that included new kitchen cabinets, granite and stainless steel appliances. All light fixtures and ceiling fans were replaced. This home is great for entertaining and having a house full of friends and family.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Lewisville Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lewisville Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$967 |
| Property Tax | -$452 | |
| Property Insurance | -$124 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$69
|
||
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.
$262,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,180
LOAN DETAILS
$967
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,500 |
| Loan Amount | $196,500 |
6.25
YEARS SAVED
$21,977
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,735
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
1638 Juniper Lane Lewisville, TX 2
- 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,710
- $1.02
-
1837 Santa Fe Lewisville, TX 1
- 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1974
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,695
- $1.00
-
1602 Juniper Lane Lewisville, TX 3
- 4 beds 3 baths ∙ 1,733 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,733 Sqft ∙ Built 1983
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,745
- $1.01
-
1661 Juniper Lane Lewisville, TX 4
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1976
LEASED 10/27/20- Rent
- Rent Per SQFT
- $1,795
- $1.01
-
1620 Juniper Lane Lewisville, TX 5
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1983
LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,000
- $1.13
PROPERTY LISTING DETAILS
Jp And Associates Justin
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486709
Last Updated: 12/18/2020
