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1665 N Valley Parkway Lewisville, TX 75077

4 Beds 2 Baths 2,252 sqft Built 1984

INVESTimate

$287,500

List Price

$1,990

$1,791 - $2,189

Rent Est.

$315,186  ( +9.63%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $127.66
  • 8 Days on Market
  • MLS # : 14379961
  • Updated Date : 08/22/2020 at 19:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,252 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite

Listing Agent's Description

New roof & gutters, new carpet! New interior paint throughout! (All July-August 2020) Wood-like floors in common areas. Kitchen opens to one of two living areas and features lots of storage and walk-in pantry. Vaulted ceilings. Large front living room with tile fireplace. Dining room off the kitchen could be an office. Front three bedrooms have ceiling fans & walk-in closets. 4th bedroom is a garage conversion with large custom closets. Entertain guests and enjoy family on the partially covered deck. Two inside HVAC units were updated in 2017 and 2019. Large storage shed (sold as-is). Walking distance to park! Nice square footage, 4 BRs, lots of updates, prime location... this well-kept house won't last long!

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: Lewisville Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $114k336k

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

Neighborhood: Lewisville Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11092171

* 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
 

$258,750$316,250$287,500

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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 $1,990
EXPENSES Loan Payment -$1,061
Property Tax -$496
Property Insurance -$157
Property Management Fees -$99
CASH FLOW
$177

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.

$287,500

PROJECTED PRICE

$1,990

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.63%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,938

INVESTMENT

$81,938

Down Payment
$71,875
Rehab Estimate
$5,750
Closing Costs
$4,313

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,061

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,875
Loan Amount $215,625
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$34,467

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,083

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9903$2,0004$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 1665 N Valley Parkway Lewisville, TX 2
    • 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.88
    •  
  • 1688 Yosemite Drive Lewisville, TX 1
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 1997
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 1617 Nightingale Drive Lewisville, TX 3
    • 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
    •  
  • 1208 Shamrock Drive Flower Mound, TX 4
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2004
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 1208 Elmhurst Lane Flower Mound, TX 5
    • 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1998
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.97
    •  
PROPERTY LISTING DETAILS
Eric Hinton
Century 21 Judge Fite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14379961
Last Updated: 08/22/2020
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