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2700 Point Vista Drive Lewisville, TX 75067

4 Beds 2 Baths 2,366 sqft Built 2016

$435,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $183.85
  • 3 Days on Market
  • MLS # : 14499223
  • Updated Date : 01/16/2021 at 09:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,366 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Stunning, move-in ready 1-story home in a great neighborhood has been meticulously cared for & impresses on all levels! Light, bright & open concept with on-trend, high-end finish out including high-ceilings, wide plank wd flooring, quartz counters, additional recessed lighting & fresh paint throughout! Fabulous white ktchn is open to the living rm & features ss appliances, a large island with sink, gas range, separate brkfst area plus a formal dining rm. Spacious living rm has a sleek gas fireplace adding to the warmth & charm of the home! Tranquil owners retreat has a spa-like ensuite with dual sinks, separate shwr, garden tub & walk-in closet! Great location next to a beautiful pond, park & walking trail!

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

Zip Code: 75067

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $113k290k

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

Zip Code: 75067

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10501939

* 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
Rockbrook Elementary School Primary Regular 780 51 3
Durham Middle School Middle Regular 763 59 3
Lewisville High School Harmon Campus High Regular NA

Rockbrook Elementary School

  • Education Level: Primary
  • # of students: 780
  • # of teachers: 51
3
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
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,511
Property Tax -$750
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$144

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.

$435,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,366

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3503$2,3804$2,4505$2,495
$2,495
RENT COMPS ANALYSIS
  • 2700 Point Vista Drive Lewisville, TX 3
    • 4 beds 2 baths ∙ 2,366 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,366 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.01
    •  
  • 2988 Sicily Way Lewisville, TX 1
    • 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2008
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
  • 156 Fallkirk Drive Coppell, TX 2
    • 4 beds 2 baths ∙ 2,392 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,392 Sqft ∙ Built 1999
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.98
    •  
  • 851 Kilbridge Lane Coppell, TX 4
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2001
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
  • 773 Huntingdon Street Coppell, TX 5
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2016
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.01
    •  
PROPERTY LISTING DETAILS
Christy Mullins
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499223
Last Updated: 01/16/2021
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