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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $126.26
- 2 Days on Market
- MLS # : 14535750
- Updated Date : 03/20/2021 at 10:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,296 sqft
- Baths : 2 full
Listing Agent
Re/max Dfw Associates
Listing Agent's Description
FANTASTIC updated home built by Kimball Homes. Lots of beautiful designer features! Hand scraped hardwoods. New Carpet in master. Very spacious open plan. There is a large bonus room that could be used as a game room or media room PLUS an additional office. You will love the double sided fire place in the master bedroom and master bathroom. Sweet window seats with storage in the bedrooms. This home has everything you are looking for! Cooktop is plumbed for gas. Roof replaced February 2021, Fresh paint throughout, hot water heater replaced 2018, Lifetime transferrable foundation warranty! Super close to Lake Lewisville! Must see!!
SEE MORE
- 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: Lakewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakewood Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$608 | |
| Property Insurance | -$160 | |
| HOA | -$16 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$20
|
||
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.
$289,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
4
YEARS SAVED
$10,963
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,986
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
248 Willowlake Drive Little Elm, TX 5
- 3 beds 2 baths ∙ 2,296 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,296 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,870
- $0.81
-
241 Flatwood Drive Little Elm, TX 1
- 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2006
![property image]()
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,599
- $0.80
-
629 Aqua Drive Little Elm, TX 2
- 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 2000
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.84
-
217 Willowlake Drive Little Elm, TX 3
- 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2003
![property image]()
LEASED 10/11/20- Rent
- Rent Per SQFT
- $1,750
- $0.89
-
1040 Lake Trail Drive Little Elm, TX 4
- 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,997 Sqft ∙ Built 1998
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
PROPERTY LISTING DETAILS
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14535750
Last Updated: 03/20/2021
