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2711 Calypso Lane Lewisville, TX 75067

4 Beds 3 Baths 3,277 sqft Built 2016

$475,000

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $144.95
  • 3 Days on Market
  • MLS # : 14463834
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,277 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

WELCOME HOME to an immaculate 2016, Pulte home in the highly sought after community of The Hills of Vista Ridge. Beautiful, move-in ready home, with an open floor plan perfect for entertaining. This home is stunning: engineered hardwood floors, gourmet kitchen with gas stovetop, premium cabinets, stainless steal appliances, tile backsplash, marble counter tops, and ample cabinet and pantry space. Spacious, split bedrooms, including a large master suite with walk in closets and separate vanities. Second downstairs bedroom with full bathroom perfect for guests or in-law suite. Large office downstairs that could be an additional bedroom. Close to restaurants and entertainment. Easy access to 121. MUST SEE!

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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$1,753
Property Tax -$819
Property Insurance -$217
HOA -$67
Property Management Fees -$99
CASH FLOW
-$344

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.

$475,000

PROJECTED PRICE

$2,610

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,765

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,900

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,6103$2,8504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2711 Calypso Lane Lewisville, TX 2
    • 4 beds 3 baths ∙ 3,277 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,277 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.80
    •  
  • 603 Forest Hill Drive Coppell, TX 1
    • 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 1999
    property image
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.84
    •  
  • 850 Dalmalley Lane Coppell, TX 3
    • 5 beds 4 baths ∙ 3,302 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,302 Sqft ∙ Built 2000
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.86
    •  
  • 753 Rock Springs Road Coppell, TX 4
    • 4 beds 4 baths ∙ 3,418 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,418 Sqft ∙ Built 2016
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 2748 Club Ridge Drive Lewisville, TX 5
    • 4 beds 3 baths ∙ 3,125 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,125 Sqft ∙ Built 1997
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kylie Vaughn
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463834
Last Updated: 11/06/2020
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