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2816 Dickens Lane Flower Mound, TX 75028

3 Beds 2 Baths 1,620 sqft Built 1982

$324,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $200.56
  • 6 Days on Market
  • MLS # : 14489492
  • Updated Date : 12/26/2020 at 18:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates Addison

Listing Agent's Description

Newly remodeled home in a highly desirable that is clean and move in ready! This 3 bed, 2 bath, 1,620 sqft home has been totally transformed into an absolute gem with some incredible new features! Some of the upgrades include brand new kitchen cabinets, new carpet in all three bedrooms, new laminate floors in the living areas, fresh interior paint, beautiful granite counter tops, new stainless steel kitchen appliances, amazing new bathroom vanities and tile, and so much more! Come check this one out before it is gone!

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

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Westchester

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11152573

* 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
Flower Mound Elementary School Primary Regular 499 35 9
Clayton Downing Middle School Middle Regular 606 50 9
Marcus High School High Regular 2,439 151 8

Flower Mound Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 35
9
GreatSchools Rating

Clayton Downing Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 50
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,199
Property Tax -$561
Property Insurance -$121
Property Management Fees -$99
CASH FLOW
-$270

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.

$324,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,713

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7003$1,7104$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 2816 Dickens Lane Flower Mound, TX 3
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.06
    •  
  • 2829 Oxford Lane Flower Mound, TX 1
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1983
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.01
    •  
  • 2803 Dickens Lane Flower Mound, TX 2
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1982
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
  • 2829 London Lane Flower Mound, TX 4
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1983
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 2844 Edinburg Lane Flower Mound, TX 5
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1983
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Derrick Tribbey
Jp & Associates Addison
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489492
Last Updated: 12/26/2020
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