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2930 N Pointe Drive Shreveport, LA 71106

4 Beds 4 Baths 3,367 sqft Built 2001

$448,900

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $133.32
  • 2 Days on Market
  • MLS # : 275774NL
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,367 sqft
  • Baths : 3 full , 1 half
Listing Agent

Scroggins Executive Realty

Listing Agent's Description

Immaculate custom built, sitting on almost a half acred lot. New paint, carpet, polished wood floors! Granite counters, high ceilings, great lighting! Circular drive, majestic steps to entrance, formal dining, butler's station, wine fridge. Kitchen island, spacious Hearth room. Over-sized master bdrm has walkin bath, whirlpool, separate shower, nice ceiling finish. Park-like setting at backyard with paved walks, big patio. 3 car side entry garage plus side entry door. Perfect Long Lake setting!

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: Ellerbe Woods

NeighborhoodNIR Market*CityMarket2010Year2004 Q3201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $73k326k

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

Neighborhood: Ellerbe Woods

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q29001000110012001300140015001600170018001900200021002200Rent in $8482263

* 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
Claiborne Fundamental Elementary School Primary Magnet 401 26 10
Caddo Middle Magnet Middle Magnet 1,281 65 10
Caddo Parish Magnet High School High Magnet 1,122 69 9

Claiborne Fundamental Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 26
10
GreatSchools Rating

Caddo Middle Magnet

  • Education Level: Middle
  • # of students: 1,281
  • # of teachers: 65
10
GreatSchools Rating

Caddo Parish Magnet High School

  • Education Level: High
  • # of students: 1,122
  • # of teachers: 69
9
GreatSchools Rating
 

$404,010$493,790$448,900

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,559
Property Tax -$574
Property Insurance -$91
HOA -$50
Property Management Fees -$99
CASH FLOW
$687

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$448,900

PROJECTED PRICE

$3,060

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 1.39%
Appreciation Year (1-5) 18.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,709

INVESTMENT

$124,709

Down Payment
$112,225
Rehab Estimate
$5,750
Closing Costs
$6,734

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,559

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,225
Loan Amount $336,675
See What Happens When You Reinvest Cash Flow

8.92

YEARS SAVED

$58,188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,064

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0603$3,200
$3,200
RENT COMPS ANALYSIS
  • 2930 N Pointe Drive Shreveport, LA 2
    • 4 beds 4 baths ∙ 3,367 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,367 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $0.91
    •  
  • 136 Waters Edge Drive Shreveport, LA 1
    • 4 beds 3 baths ∙ 3,173 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,173 Sqft ∙ Built 2003
    property image
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 407 Saint Charles Boulevard Shreveport, LA 3
    • 4 beds 3 baths ∙ 3,668 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,668 Sqft ∙ Built 2011
    property image
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jerome Scroggins
Scroggins Executive Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 275774NL
Last Updated: 03/19/2021
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