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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $152.26
- 2 Days on Market
- MLS # : 14514039
- Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,707 sqft
- Baths : 2 full , 1 half
Listing Agent
Real
Listing Agent's Description
Charming and secluded home just seconds away from a greenbelt that will sure to please! Updates include new carpet and paint throughout and a new privacy fence installed just a few years ago. Separate living and dining room right off the front entry will make entertaining simple yet enjoyable. All bedrooms are upstairs with a spacious primary bedroom and bathroom for any owner to enjoy. A very rare find in this community make sure to schedule today.
SEE MORE
- 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: Creekview Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekview Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$448 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$194
|
||
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.
$259,900
PROJECTED PRICE
$1,770
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.9% |
| 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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
8.5
YEARS SAVED
$29,581
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,899
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
1702 Creekbend Drive Lewisville, TX 4
- 4 beds 3 baths ∙ 1,707 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,707 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,770
- $1.04
-
1441 Creekview Drive Lewisville, TX 1
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1995
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.12
-
1237 Marchant Place Lewisville, TX 2
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1999
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,740
- $1.12
-
1702 Shady Creek Drive Lewisville, TX 3
- 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1994
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,750
- $1.15
-
1725 Shady Creek Drive Lewisville, TX 5
- 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,800
- $1.06
PROPERTY LISTING DETAILS
Real
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514039
Last Updated: 02/06/2021
