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1925 Encino Drive Lancaster, TX 75146

4 Beds 2 Baths 1,804 sqft Built 2006

$225,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $124.72
  • 3 Days on Market
  • MLS # : 14496692
  • Updated Date : 01/08/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Urban Dallas

Listing Agent's Description

Don't miss out on this gorgeously updated home! Featuring 4 bedrooms, 2 full baths, 2 living areas, formal dining area and a 2 car garage. Tons of natural light with neutral color scheme. Updates include a new roof, new flooring throughout, granite countertops, fresh paint, new fence and so much more! The primary bathroom features his and hers sink, bath tub, separate walk-in shower and walk-in closet. Schedule your showing today!...

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Millbrook East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Millbrook East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211734

* 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
Rosa Parks-millbrook Elementary Primary Regular 559 31 6
Elsie Robertson Middle School Middle Regular 990 64 6
Lancaster High School High Regular 1,841 109 3

Rosa Parks-millbrook Elementary

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 31
6
GreatSchools Rating

Elsie Robertson Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 64
6
GreatSchools Rating

Lancaster High School

  • Education Level: High
  • # of students: 1,841
  • # of teachers: 109
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$782
Property Tax -$573
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
$25

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.

$225,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$9,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,745

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6304$1,7005$1,820
$1,820
RENT COMPS ANALYSIS
  • 1925 Encino Drive Lancaster, TX 2
    • 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.89
    •  
  • 2113 Augusta Street Lancaster, TX 1
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2016
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 1915 Blue Sage Drive Lancaster, TX 3
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2016
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.97
    •  
  • 1821 Cross Oaks Drive Lancaster, TX 4
    • 4 beds 3 baths ∙ 1,731 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,731 Sqft ∙ Built 2020
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 1923 Mosley Drive Lancaster, TX 5
    • 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,938 Sqft ∙ Built 2016
    property image
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.94
    •  
PROPERTY LISTING DETAILS
Abigail Gonzales-rojas
Keller Williams Urban Dallas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496692
Last Updated: 01/08/2021
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