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2813 Damsel Bella Boulevard Lewisville, TX 75056

4 Beds 5 Baths 4,249 sqft Built 2014

$665,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $156.51
  • 5 Days on Market
  • MLS # : 14531337
  • Updated Date : 03/20/2021 at 16:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,249 sqft
  • Baths : 3 full , 2 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

*MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST BY SUNDAY, 3-21, AT 8PM. SELLERS WOULD LIKE TO STAY IN THE HOME UNTIL JUNE 14TH, IF POSSIBLE!*CASTLE HILLS BEAUTY LOADED WITH UPGRADES! Soft contemporary white & gray tones grace this stunning home boasting handscraped wood floors, wood-beamed ceilings, upgraded lighting fixtures, plantation shutters, 2 home offices, built-in study center & wet bar with a mini fridge. The gourmet kitchen features quartz counters, stainless steel appliances & double ovens. Pamper yourself in the luxurious master suite offering quartz vanities with a makeup area, or make great use of the second downstairs master suite. Head upstairs & relax in the fully equipped media room.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Castle Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $120k575k

* 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
 

$598,500$731,500$665,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,310
Property Tax -$1,272
Property Insurance -$273
HOA -$72
Property Management Fees -$99
CASH FLOW
-$625

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.

$665,000

PROJECTED PRICE

$3,400

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,310

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,633

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,4003$3,4504$3,4955$3,700
$3,700
RENT COMPS ANALYSIS
  • 2813 Damsel Bella Boulevard The Colony, TX 2
    • 4 beds 5 baths ∙ 4,249 Sqft ∙ Built 2014 4 beds 5 baths ∙ 4,249 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.80
    •  
  • 1708 Auburn Drive Carrollton, TX 1
    • 4 beds 4 baths ∙ 3,900 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,900 Sqft ∙ Built 2003
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.87
    •  
  • 2702 Sir Bedivere Lane Lewisville, TX 3
    • 5 beds 4 baths ∙ 4,414 Sqft ∙ Built 1999 5 beds 4 baths ∙ 4,414 Sqft ∙ Built 1999
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.78
    •  
  • 1023 River Rock Way Carrollton, TX 4
    • 5 beds 4 baths ∙ 4,060 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,060 Sqft ∙ Built 2015
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.86
    •  
  • 1304 Damsel Caitlyn Drive The Colony, TX 5
    • 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2015
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.91
    •  
PROPERTY LISTING DETAILS
Russell Rhodes
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531337
Last Updated: 03/20/2021
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