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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $182.10
- 2 Days on Market
- MLS # : 14501125
- Updated Date : 01/16/2021 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,894 sqft
- Baths : 3 full , 1 half
Listing Agent
Texas Urban Living Realty
Listing Agent's Description
As Seen on House Hunters on HGTV!! A series of modern, affordable new construction homes are being built in the district. Tall ceilings, Fully inclusive customizable finishes and in the heart of a major revamp, Phase 3 now Available! There’s no other community in the area that compares to South Village in scale of design or Location. With the ease to come home, ask Alexa to turn off the lights, play your favorite songs and turn the heat up in one effortless command. Neighbors can effortlessly connect, hosting happy hours on their porches, practicing yoga on Main, Sunday afternoon enjoying the area’s latest restaurants and bars just outside of your door. Huge Lender incentives! This is a MUST SEE!
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
Zip Code: 75057
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75057
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$595 | |
| Property Insurance | -$137 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$107
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$344,900
PROJECTED PRICE
$1,930
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 10.0% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$93,399
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,225 |
| Loan Amount | $258,675 |
3.08
YEARS SAVED
$8,745
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,927
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
218 Lanyard Drive Lewisville, TX 3
- 3 beds 4 baths ∙ 1,894 Sqft ∙ Built 2020 3 beds 4 baths ∙ 1,894 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,930
- $1.02
-
203 Belleville Drive Lewisville, TX 1
- 3 beds 4 baths ∙ 1,859 Sqft ∙ Built 2018 3 beds 4 baths ∙ 1,859 Sqft ∙ Built 2018
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,800
- $0.97
-
893 Witherby Lane Lewisville, TX 2
- 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 2012
![property image]()
LEASED 03/29/20- Rent
- Rent Per SQFT
- $1,925
- $1.04
-
619 Ava Trail Lewisville, TX 4
- 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2020
![property image]()
LEASED 12/29/20- Rent
- Rent Per SQFT
- $2,125
- $1.03
-
615 Ava Trail Lewisville, TX 5
- 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2020
![property image]()
LEASED 01/08/21- Rent
- Rent Per SQFT
- $2,125
- $1.03
PROPERTY LISTING DETAILS
Texas Urban Living Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14501125
Last Updated: 01/16/2021
