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1804 Lakewood Boulevard Euless, TX 76039

4 Beds 4 Baths 2,728 sqft Built 1984

$374,900

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $137.43
  • 4 Days on Market
  • MLS # : 14528425
  • Updated Date : 03/19/2021 at 20:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,728 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Situated in one of the most sought after areas of Euless, this extraordinary home has an elegant circular drive adorned by beautiful mature trees. The backyard offers a refreshing pool and extra space to play and relax after a long day of work. The downstairs offers a private kitchen with SS appliances, a large living room with a charming Franklin stove, a formal dining and second living or office. There is also a bedroom and full bath, perfect for guests. Upstairs are two more bedrooms, a full bath and the owner’s suite with 1.5 bathrooms and sitting area overlooking the trees. Current owners have loved this home for 30 yrs and it's now awaiting your personal touch!

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: Trail Lake Estates Euless

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k368k

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

Neighborhood: Trail Lake Estates Euless

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9932446

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,302
Property Tax -$728
Property Insurance -$185
Property Management Fees -$99
CASH FLOW
$66

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.

$374,900

PROJECTED PRICE

$2,380

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$21,945

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,476

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,3804$2,4505$2,495
$2,495
RENT COMPS ANALYSIS
  • 1804 Lakewood Boulevard Euless, TX 3
    • 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.87
    •  
  • 102 Wildbriar Street Euless, TX 1
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1985
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 106 Wildbriar Street Euless, TX 2
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1985
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 613 Caribou Way Euless, TX 4
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2004
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 2215 Grizzly Run Lane Euless, TX 5
    • 3 beds 3 baths ∙ 2,527 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,527 Sqft ∙ Built 2004
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.99
    •  
PROPERTY LISTING DETAILS
Katia Munoz
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528425
Last Updated: 03/19/2021
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