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2018 Firewater Place 
Lewisville, TX
75067
3 Beds 3 Baths 1,993 sqft
Built 1991
INVESTimate
$289,900
List Price
$82,574
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PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $145.46
- 2 Days on Market
- MLS # : 14420733
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,993 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Dfw Associates
Listing Agent's Description
CUTE, CUTE, CUTE!!! This charming home has an open floor plan with a HUGE master suite downstairs and all other bedrooms upstairs. Gray neutral paint throughout, vaulted ceilings, updated eat in kitchen with SS appliances installed in 2016, wood laminate and ceramic tile floors, decorative lighting, and much more! Tons of natural light floods every room. Second living room upstairs and great size yard with plenty of grass for pets or kiddos to play. Roof installed in 2015. AC installed summer 2020! New duct and filtration system installed in 2019 with UV and oxidation system.
SEE MORE
- . 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: 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$500 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$89
|
||
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.
$289,900
PROJECTED PRICE
$1,900
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.86% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
6.42
YEARS SAVED
$25,614
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,048
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
2018 Firewater Place Lewisville, TX 2
- 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,900
- $0.95
-
2085 Sundance Court Lewisville, TX 1
- 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1986
LEASED 07/14/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
-
2021 Woven Trail Lewisville, TX 3
- 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1991
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,925
- $1.04
-
2041 Wanderlust Drive Lewisville, TX 4
- 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
-
1321 Mustang Drive Lewisville, TX 5
- 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,128 Sqft ∙ Built 1995
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,325
- $1.09
PROPERTY LISTING DETAILS
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420733
Last Updated: 08/25/2020
