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

1714 Creekway Drive Lewisville, TX 75067

3 Beds 2 Baths 1,481 sqft Built 1994

$268,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $180.96
  • 3 Days on Market
  • MLS # : 14489911
  • Updated Date : 12/26/2020 at 09:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,481 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

You don't want to miss this one! Looking to just move in and enjoy? This is the place for you! The kitchen has been fully updated to include an amazing island, granite counters, & all new SS appliances! Very open floorplan feels bigger than actual size! The large living room, kitchen, and dining are perfect for entertaining. Both baths have been updated with Carrera look finishes. Owners suite has large walk-in closet, walk-in shower, double sinks, & a large linen closet. The entire inside has been freshly painted and new plush carpet installed, the roof was replaced in 2019. The location is easy to get to schools, shopping, restaurants, and the airport. Lots of trails & parks nearby. Owner is licensed agent.

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

Neighborhood: Creekview Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $108k336k

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

Neighborhood: Creekview Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10242171

* 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
Creekside Elementary School Primary Regular 495 35 5
Hedrick Middle School Middle Regular 672 56 4
Lewisville High School Harmon Campus High Regular NA

Creekside Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 35
5
GreatSchools Rating

Hedrick Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 56
4
GreatSchools Rating

Lewisville High School Harmon Campus

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$989
Property Tax -$462
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
-$3

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.

$268,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$15,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,651

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6603$1,7004$1,7405$1,750
$1,750
RENT COMPS ANALYSIS
  • 1714 Creekway Drive Lewisville, TX 2
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.12
    •  
  • 1712 Circle Creek Drive Lewisville, TX 1
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1992
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
  • 1441 Creekview Drive Lewisville, TX 3
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1995
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
  • 1237 Marchant Place Lewisville, TX 4
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1999
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.12
    •  
  • 1702 Shady Creek Drive Lewisville, TX 5
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1994
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
PROPERTY LISTING DETAILS
Stacey Reynolds
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489911
Last Updated: 12/26/2020
BESbswy