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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $158.29
- 2 Days on Market
- MLS # : 14488268
- Updated Date : 12/19/2020 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,021 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
Located in the heart of Lewisville, this well-kept home is accessible to everything! Kitchen has updated stainless steel appliances, including double ovens, granite counters, and a one third-two third graphite sink. High vaulted ceilings in family room make this floorplan open and inviting. All baths and kitchen have granite, Master bedroom is Texas-sized with an adjacent living area, which is perfect for both an office and 2nd TV room, Master bath even offers a jetted tub. Storm doors, solar screens, 8 foot fence, newer roof and HVAC systems, inclduing a bluetooth system for turning AC down remotely are just a few of the extras! Come take a look, nice home for the money!
SEE MORE
- # 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: Indian Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Indian Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$552 | |
| Property Insurance | -$144 | |
| 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.
$319,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.9% |
| 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
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
5.33
YEARS SAVED
$21,227
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,011
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
2009 Terracotta Court Lewisville, TX 3
- 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
2021 Woven Trail Lewisville, TX 1
- 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1991
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,925
- $1.04
-
2041 Wanderlust Drive Lewisville, TX 2
- 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986
![property image]()
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
-
1201 Pleasant Oaks Drive Lewisville, TX 4
- 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1996
![property image]()
LEASED 03/09/20- Rent
- Rent Per SQFT
- $2,100
- $0.96
-
1149 Valley Oaks Drive Lewisville, TX 5
- 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 1996
![property image]()
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,150
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488268
Last Updated: 12/19/2020
