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3721 Dame Cara Way Lewisville, TX 75056

4 Beds 3 Baths 2,476 sqft Built 2020

$614,900

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $248.34
  • 9 Days on Market
  • MLS # : 14460152
  • Updated Date : 10/26/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,476 sqft
  • Baths : 3 full
Listing Agent

Britton Homes

Listing Agent's Description

BRITTON HOMES NEW CONSTRUCTION! Entry and extended entry with 13-foot ceiling. Hardwood flooring throughout. Game room with French doors just off extended entry. Kitchen flows into dining area and family room with wall of windows and fireplace. Primary suite with 14-foot ceiling. Primary bath offers dual vanities, garden tub, separate glass enclosed shower and walk-in closet. Private guest suite with full bathroom. Covered backyard patio. Mud room just off the three-car garage.

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

Zip Code: 75056

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75056

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Camey Elementary School Primary Regular 477 33 5
Lakeview Middle School Middle Regular 817 62 3
The Colony High School High Regular 1,987 139 8

Camey Elementary School

  • Education Level: Primary
  • # of students: 477
  • # of teachers: 33
5
GreatSchools Rating

Lakeview Middle School

  • Education Level: Middle
  • # of students: 817
  • # of teachers: 62
3
GreatSchools Rating

The Colony High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 139
8
GreatSchools Rating
 

$553,410$676,390$614,900

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,269
Property Tax -$1,176
Property Insurance -$170
HOA -$65
Property Management Fees -$99
CASH FLOW
-$1,229

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$614,900

PROJECTED PRICE

$2,550

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

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$164,949

INVESTMENT

$164,949

Down Payment
$153,725
Rehab Estimate
$2,000
Closing Costs
$9,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,725
Loan Amount $461,175
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$41

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,538

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4503$2,5004$2,5505$2,700
$2,700
RENT COMPS ANALYSIS
  • 3721 Dame Cara Way Lewisville, TX 4
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.03
    •  
  • 305 Enid Drive Lewisville, TX 1
    • 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,300 Sqft ∙ Built 2009
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
  • 2404 Hardrock Castle Drive Lewisville, TX 2
    • 3 beds 2 baths ∙ 2,292 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,292 Sqft ∙ Built 2006
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.07
    •  
  • 3405 Bans Crown Boulevard Lewisville, TX 3
    • 5 beds 4 baths ∙ 2,552 Sqft ∙ Built 2010 5 beds 4 baths ∙ 2,552 Sqft ∙ Built 2010
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 3309 Bans Crown Boulevard Lewisville, TX 5
    • 5 beds 4 baths ∙ 2,567 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,567 Sqft ∙ Built 2013
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.05
    •  
PROPERTY LISTING DETAILS
Larry Delzell
Britton Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460152
Last Updated: 10/26/2020
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