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2533 Windsor Castle Way Lewisville, TX 75056

5 Beds 4 Baths 3,926 sqft Built 2010

$584,850

List Price

$3,510

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $148.97
  • 3 Days on Market
  • MLS # : 14490797
  • Updated Date : 01/09/2021 at 11:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,926 sqft
  • Baths : 4 full
Listing Agent

Martin Sena & Associates

Listing Agent's Description

Multiple offers received, no more showing after Saturday Jan 9th. Sat Jan 9th is booked for showings. Stunningly updated in 2020 with model home finish out! This 2-story gem is spotless! Soaring ceiling upon entry with private study to left. Designer features throughout include shiplap, window casings, crown mold & window coverings in family rm. HUGE kitchen island with new dishwasher, sink, faucet and quartz. Hardwood floors throughout first floor, new carpet; new floor tiles in secondary baths; new lighting. Pass thru to utility from Master. Tons of attic storage! UV filtration system installed in AC. Pre-wired for LAN and surround sound - inside and on patio. Rolling driveway gate adds extra privacy!

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
Castle Hills Elementary School Primary Regular 734 48 10
Killian Middle School Middle Regular 950 65 7
Hebron High School High Regular 2,458 138 7

Castle Hills Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 48
10
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
 

$526,365$643,335$584,850

PURCHASE PRICE

$3,159$3,861$3,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,510
EXPENSES Loan Payment -$2,031
Property Tax -$1,008
Property Insurance -$254
HOA -$860
Property Management Fees -$99
CASH FLOW
-$743

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.

$584,850

PROJECTED PRICE

$3,510

PROJECTED RENT

0.60%

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

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$160,735

INVESTMENT

$160,735

Down Payment
$146,213
Rehab Estimate
$5,750
Closing Costs
$8,773

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,031

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,213
Loan Amount $438,638
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$56

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,510

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,514

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,395
1$3,3952$3,5003$3,5104$3,6005$3,750
$3,750
RENT COMPS ANALYSIS
  • 2533 Windsor Castle Way Lewisville, TX 3
    • 5 beds 4 baths ∙ 3,926 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,926 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $3,510
    • $0.89
    •  
  • 412 Water Bridge Drive Lewisville, TX 1
    • 5 beds 4 baths ∙ 3,975 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,975 Sqft ∙ Built 2008
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.85
    •  
  • 424 Water Bridge Lewisville, TX 2
    • 5 beds 4 baths ∙ 4,033 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,033 Sqft ∙ Built 2008
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.87
    •  
  • 910 Ontzlake Drive Lewisville, TX 4
    • 4 beds 4 baths ∙ 3,833 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,833 Sqft ∙ Built 2014
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.94
    •  
  • 2537 Windsor Castle Way Lewisville, TX 5
    • 5 beds 4 baths ∙ 4,087 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,087 Sqft ∙ Built 2008
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.92
    •  
PROPERTY LISTING DETAILS
Brandon Martin
Martin Sena & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490797
Last Updated: 01/09/2021
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