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2455 Embleton Drive Lewisville, TX 75067

4 Beds 3 Baths 2,263 sqft Built 2012

$349,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $154.62
  • 1 Days on Market
  • MLS # : 14532557
  • Updated Date : 03/13/2021 at 13:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,263 sqft
  • Baths : 3 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Absolutely stunning home in Carrington Village. Open concept main floor with master down. Hardwood floors in the living, dining, master, and kitchen area. Large updated kitchen with granite counters, gas cooktop, and stainless appliances. Upstairs 3 bedrooms with game room. Master bath with separate shower, and huge walk in closet. Outdoor pergola, turf grass for pets - brings a whole new meaning to low maintenance. This home is located near shops, restaurants, & access to major roads. Located in an interior lot in a pleasant neighborhood of Carrington Village. Easy access to major highways including I35E, Hwy 121, George Bush Toll, & Sam Rayburn Toll Roads, DFW Airport approx 8 mi away.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Carrington Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $122k334k

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

Neighborhood: Carrington Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262247

* 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
Southridge Elementary School Primary Regular 692 53 5
Durham Middle School Middle Regular 763 59 3
Lewisville High School Harmon Campus High Regular NA

Southridge Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 53
5
GreatSchools Rating

Durham Middle School

  • Education Level: Middle
  • # of students: 763
  • # of teachers: 59
3
GreatSchools Rating

Lewisville High School Harmon Campus

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,215
Property Tax -$603
Property Insurance -$158
HOA -$96
Property Management Fees -$99
CASH FLOW
-$11

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$349,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,1004$2,1605$2,350
$2,350
RENT COMPS ANALYSIS
  • 2455 Embleton Drive Lewisville, TX 4
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.95
    •  
  • 553 Continental Drive Lewisville, TX 1
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 1999
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 400 Valley View Drive Lewisville, TX 2
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1999
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
  • 236 Wallington Way Lewisville, TX 3
    • 3 beds 3 baths ∙ 2,268 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,268 Sqft ∙ Built 2008
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 133 Andrea Court Lewisville, TX 5
    • 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,249 Sqft ∙ Built 2015
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.04
    •  
PROPERTY LISTING DETAILS
Stephanie Ziemann
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532557
Last Updated: 03/13/2021
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