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2533 Brandon Drive Lewisville, TX 75056

4 Beds 3 Baths 3,285 sqft Built 2010

$539,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $164.08
  • 2 Days on Market
  • MLS # : 14496009
  • Updated Date : 01/09/2021 at 21:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,285 sqft
  • Baths : 3 full
Listing Agent

Competitive Edge Realty Llc

Listing Agent's Description

East facing immaculate home in Castle Hills with tons of upgrades including brand new wood floor, new carpet and a new roof! 4 bedrooms with second bedroom down and 2 bedroom upstairs. Open floor plan concept with new beautiful wood floor on first floor including master bedroom. Spacious kitchen with tiled backsplash, gas cooking range, walk-in pantry, island, and features granite counters and stainless steel appliances. Comes with media and game room. Live in style with covered patio for entertaining, walking distance to community park, basketball court, gym, and swimming pool. Highly acclaimed Lewisville ISD. Quick access to 121, DNT, Nebraska Furniture Mart, shopping and dining.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Independence Elementary School Primary Regular 790 51 5
Killian Middle School Middle Regular 950 65 7
Hebron High School High Regular 2,458 138 7

Independence Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 51
5
GreatSchools Rating

Killian Middle School

  • Education Level: Middle
  • # of students: 950
  • # of teachers: 65
7
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,872
Property Tax -$929
Property Insurance -$217
HOA -$71
Property Management Fees -$99
CASH FLOW
-$419

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.

$539,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,872

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,695

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,989

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$2,8493$2,9504$2,9955$2,995
$2,995
RENT COMPS ANALYSIS
  • 2533 Brandon Drive Lewisville, TX 1
    • 4 beds 3 baths ∙ 3,285 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,285 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.84
    •  
  • 2533 Louis Lane Lewisville, TX 2
    • 4 beds 3 baths ∙ 3,317 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,317 Sqft ∙ Built 2011
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,849
    • $0.86
    •  
  • 332 Prairie Ridge Lane Lewisville, TX 3
    • 4 beds 4 baths ∙ 3,308 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,308 Sqft ∙ Built 2017
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.89
    •  
  • 2509 Sir Alexander Lane Lewisville, TX 4
    • 3 beds 4 baths ∙ 3,272 Sqft ∙ Built 2007 3 beds 4 baths ∙ 3,272 Sqft ∙ Built 2007
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.92
    •  
  • 204 Anna Avenue Lewisville, TX 5
    • 4 beds 4 baths ∙ 3,085 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,085 Sqft ∙ Built 2009
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.97
    •  
PROPERTY LISTING DETAILS
Nitin Gupta
Competitive Edge Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496009
Last Updated: 01/09/2021
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