Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1712 Lewis Crossing Drive Keller, TX 76248

4 Beds 3 Baths 3,490 sqft Built 2008

$539,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $154.44
  • 7 Days on Market
  • MLS # : 14478748
  • Updated Date : 12/06/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,490 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Gorgeous home located in Marshall Ridge with backyard oasis. Saltwater pool with custom oversized spa and plenty of patio space for an entertaining outdoor living. Pool features LED lighting and iAqualink controls. Grand entry with custom over iron door. Spacious home with high ceiling and plenty lots of natural lighting. This home has it all with 4 bedroom, 2 living or optional formal dining, study, game room and media room. Entertaining California kitchen with stainless appliances and granite countertops. Oversized 3 car garage. Located in the highly-acclaimed, Keller High ISD. Easy access to I-35W & 114 for the work commute--plus, plenty of nearby shopping, dining, entertainment & conveniences.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Bear Creek Intermediate School Primary Regular 781 42 9
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Bear Creek Intermediate School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$1,989
Property Tax -$1,131
Property Insurance -$229
HOA -$71
Property Management Fees -$99
CASH FLOW
-$438

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.

$539,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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-$10k-$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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,124

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,0804$3,1505$3,400
$3,400
RENT COMPS ANALYSIS
  • 1712 Lewis Crossing Drive Keller, TX 3
    • 4 beds 3 baths ∙ 3,490 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,490 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $0.88
    •  
  • 404 Sagewood Court Keller, TX 1
    • 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2008
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
  • 1732 Hickory Chase Circle Keller, TX 2
    • 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2014
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 1608 Bradford Grove Trail Keller, TX 4
    • 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,491 Sqft ∙ Built 2012
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.90
    •  
  • 1628 Goldenrod Lane Keller, TX 5
    • 4 beds 3 baths ∙ 3,654 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,654 Sqft ∙ Built 2014
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.93
    •  
PROPERTY LISTING DETAILS
Colette Grossman
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478748
Last Updated: 12/06/2020
BESbswy