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303 Trevino Trail Lancaster, TX 75146

4 Beds 3 Baths 2,614 sqft Built 1981

INVESTimate

$245,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$272,587  ( +11.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $93.73
  • 6 Days on Market
  • MLS # : 14417950
  • Updated Date : 08/25/2020 at 20:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,614 sqft
  • Baths : 3 full
Listing Agent

Pinnacle Relocation Services

Listing Agent's Description

Lovely Country View! Golf Course and Lancaster City Park nearby. Gorgeous Traditional Home with custom features on a Large Corner Lot with Mature Trees. Custom built-ins in Family Room with Gas Log FirePlace, Formal Dining and Breakfast Room, four bedrooms and three full baths, all with tons of storage! Fourth bedroom would be great as Mother N Law Suite or second Living Area. Kitchen is open to breakfast and offers loads of cabinets and double ovens! Updates include, replaced windows throughout home, tankless water heater, Roof and Fence updated plus more. This expansive home offers gracious living and entertaining both inside and out.

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: Pecan Hollow Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Pecan Hollow Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Lancaster Elementary School Primary Regular 585 33 7
Elsie Robertson Middle School Middle Regular 990 64 6
Lancaster High School High Regular 1,841 109 3

Lancaster Elementary School

  • Education Level: Primary
  • # of students: 585
  • # of teachers: 33
7
GreatSchools Rating

Elsie Robertson Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 64
6
GreatSchools Rating

Lancaster High School

  • Education Level: High
  • # of students: 1,841
  • # of teachers: 109
3
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$904
Property Tax -$624
Property Insurance -$178
Property Management Fees -$99
CASH FLOW
-$155

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.

$245,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,708

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,6504$1,650
$1,650
RENT COMPS ANALYSIS
  • 303 Trevino Trail Lancaster, TX 4
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.63
    •  
  • 1237 Harvest Hill Lane Lancaster, TX 1
    • 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,402 Sqft ∙ Built 1987
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.60
    •  
  • 1133 Willow Creek Drive Lancaster, TX 2
    • 3 beds 2 baths ∙ 2,370 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,370 Sqft ∙ Built 1966
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.63
    •  
  • 311 Homestead Drive Lancaster, TX 3
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2000
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
PROPERTY LISTING DETAILS
Edie Webber
Pinnacle Relocation Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417950
Last Updated: 08/25/2020
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