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2225 Hazy Meadows Lane Flower Mound, TX 75028

3 Beds 2 Baths 1,802 sqft Built 1988

$339,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $188.62
  • 3 Days on Market
  • MLS # : 14507367
  • Updated Date : 01/30/2021 at 15:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,802 sqft
  • Baths : 2 full
Listing Agent

Jeanette Anderson Real Estate

Listing Agent's Description

Welcome Home! From the moment you walk through the front door you feel right at home. Pride of ownership shines throughout the entire house. From the beautifully updated kitchen with granite to the cozy living room with stone fireplace and gas logs. The large master includes a oversized shower with separate vanities for two. The backyard is an Oasis to enjoy swimming, hot tubbing, hanging out by the fire pit or grilling up your favorite food to sit on the porch and enjoy with friends and family. This home is located in a beautiful well established neighborhood with mature trees and a great schools. Schedule your tour today!!

SEE MORE

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: Countryside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Countryside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Flower Mound Elementary School Primary Regular 499 35 9
Lamar Middle School Middle Regular 764 51 9
Marcus High School High Regular 2,439 151 8

Flower Mound Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 35
9
GreatSchools Rating

Lamar Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 51
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,181
Property Tax -$587
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$58

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.

$339,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,9403$1,9504$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2225 Hazy Meadows Lane Flower Mound, TX 2
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.08
    •  
  • 1616 Homestead Street Flower Mound, TX 1
    • 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 1983
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.06
    •  
  • 1817 Newton Drive Flower Mound, TX 3
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1994
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 1732 Meyerwood Lane Flower Mound, TX 4
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1994
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
  • 5300 Valleydale Drive Flower Mound, TX 5
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1989
    property image
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kim Reasor
Jeanette Anderson Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507367
Last Updated: 01/30/2021
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