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2020 Torin Lewisville, TX 75056

4 Beds 3 Baths 2,919 sqft Built 2012

$599,900

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $205.52
  • 7 Days on Market
  • MLS # : 14459855
  • Updated Date : 10/29/2020 at 04:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,919 sqft
  • Baths : 3 full
Listing Agent

Bbs Realty

Listing Agent's Description

THE DREAM OF OWNING A RAREST OF EXQUISITE 1 STORY CUSTOM BUILT 2919 SQ FT 1 OWNER AMERICAN LEGEND HOME JUST CAME TRUE! NESTLED IN PRESTIGIOUS CASTLE HILLS.EVERY POSSIBLE DETAIL OF EXEMPLARY PRIDE OF OWNERSHIP ABOUNDS IN THIS HOME.MAGNIFICENT CUSTOM DESIGNED OPEN FLOORPLAN CREATED FOR FAMILY AND ENTERTAINING ADORNED WITH 4 BEDROOMS PLUS STUDY,3 FULL BATH WITH ALL SPLIT DESIGN FOR ULTIMATE PRIVACY. SPECTACULAR CHEF'S OPEN DREAM KITCHEN, BREATHTTAKING CUSTOM DESIGNED BACKYARD PATIO OASIS FOR ULTIMATE OF BACKYARD ENJOYMENT, CUSTOM DESIGNED GARAGE WITH STORAGE GALORE.THIS HOME IS ARTICULATELY WRAPPED WITH PRIDE AND ADORNED WITH A BOW OF ENDLESS UPGRADES AT EVERY TURN. UNWRAP IT TODAY AND OWN IT.MOVE FAST WON'T LAST!

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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: Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Independence Elementary School Primary Regular 790 51 5
Killian Middle School Middle Regular 950 65 7
Hebron High School High Regular 2,458 138 7

Independence Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 51
5
GreatSchools Rating

Killian Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 65
7
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,213
Property Tax -$1,034
Property Insurance -$196
HOA -$70
Property Management Fees -$99
CASH FLOW
-$913

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.

$599,900

PROJECTED PRICE

$2,700

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$75

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,700

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6953$2,7004$2,7505$2,800
$2,800
RENT COMPS ANALYSIS
  • 2020 Torin Lewisville, TX 3
    • 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.92
    •  
  • 1033 Chickasaw Drive Carrollton, TX 1
    • 4 beds 4 baths ∙ 2,822 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,822 Sqft ∙ Built 2012
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.92
    •  
  • 504 Four Stones Boulevard Lewisville, TX 2
    • 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 2011
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.90
    •  
  • 1008 Chickasaw Drive Carrollton, TX 4
    • 4 beds 4 baths ∙ 2,822 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,822 Sqft ∙ Built 2012
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.97
    •  
  • 1309 Sioux Street Carrollton, TX 5
    • 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2014
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.91
    •  
PROPERTY LISTING DETAILS
Brent Chow
Bbs Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459855
Last Updated: 10/29/2020
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