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2065 Kenny Court 
Lewisville, TX
75067
3 Beds 2 Baths 1,760 sqft
Built 2000
INVESTimate
$299,900
List Price
$85,224
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $170.40
- 3 Days on Market
- MLS # : 14419779
- Updated Date : 08/25/2020 at 12:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,760 sqft
- Baths : 2 full
Listing Agent
Weichert Realtors - The Harrell Group
Listing Agent's Description
Stunning updates throughout this well maintained single story home on spacious corner lot.EVERYTHING has been done here. Windows, roof and AC have all recently been replaced. Gorgeous wood like tile flooring throughout, designer paint, and floor to ceiling split stone fireplace with glass stones.All three bedrooms have walk-in closets. Large master features window box and updated en-suite. Extended patio is ideal for entertaining. Plenty of room for a pool or let the kids and dogs enjoy the huge backyard. Walking distance to Timber Creek Trail and easy access to 121.
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: Valley View
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Valley View
* 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 | $1,820 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$517 | |
| Property Insurance | -$129 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$32
|
||
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.
$299,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
4.42
YEARS SAVED
$15,223
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,852
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
2065 Kenny Court Lewisville, TX 2
- 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,820
- $1.03
-
983 Downey Drive Lewisville, TX 1
- 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1987
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,695
- $1.07
-
996 Little Den Drive Lewisville, TX 3
- 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1987
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,925
- $0.99
-
991 Little Den Drive Lewisville, TX 4
- 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1988
LEASED 09/11/19- Rent
- Rent Per SQFT
- $1,950
- $1.01
-
2042 Vista Drive Lewisville, TX 5
- 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1990
LEASED 10/16/19- Rent
- Rent Per SQFT
- $2,150
- $1.14
PROPERTY LISTING DETAILS
Weichert Realtors - The Harrell Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419779
Last Updated: 08/25/2020
