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318 Ashley Oak Lane Lake Dallas, TX 75065

3 Beds 2 Baths 1,734 sqft Built 1995

$265,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $152.83
  • 3 Days on Market
  • MLS # : 14487638
  • Updated Date : 12/18/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,734 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Lake Dallas Stunner! Fabulous single story home has been impressively well maintained! Enjoy an open floor plan with vaulted ceilings allowing in an abundance of light throughout the day. Living room is accented with a brick fireplace! Updated light fixtures! Spacious Master Suite with an outstanding renovated master bathroom that is decked out with his and her walk in closets, stand alone tub, separate shower w-glass surround, dual sinks & so much more! Nicely sized Guest Bedrooms! Great backyard is enclosed by a wooden fence and has a deck with a pergola! Walk inside of this one and it will make you call this home!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8872171

* 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
Shady Shores Elementary School Primary Regular 520 38 6
Lake Dallas Middle School Middle Regular 941 65 7
Lake Dallas High School High Regular 1,275 79 6

Shady Shores Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 38
6
GreatSchools Rating

Lake Dallas Middle School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 65
7
GreatSchools Rating

Lake Dallas High School

  • Education Level: High
  • # of students: 1,275
  • # of teachers: 79
6
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$978
Property Tax -$565
Property Insurance -$127
Property Management Fees -$99
CASH FLOW
-$19

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.

$265,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.2%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,6754$1,7505$1,950
$1,950
RENT COMPS ANALYSIS
  • 318 Ashley Oak Lane Lake Dallas, TX 4
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 511 Ridgewood Street Lake Dallas, TX 1
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1994
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.04
    •  
  • 735 Oak Dale Avenue Lake Dallas, TX 2
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1994
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 4406 Shadow Oak Drive Corinth, TX 3
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1998
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
  • 323 Berry Lane Shady Shores, TX 5
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 1987
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jessica Nelson
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487638
Last Updated: 12/18/2020
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