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4169 1 Place Lane Flower Mound, TX 75028

3 Beds 3 Baths 1,678 sqft Built 1985

$259,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $154.35
  • 2 Days on Market
  • MLS # : 14488750
  • Updated Date : 12/19/2020 at 20:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,678 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Dfw Preferred

Listing Agent's Description

A rare find in this spacious and newly remodeled 3 bedroom garden home tucked away in a quiet neighborhood. A perfect combination of affordability, space, style, convenient location and highly sought after Marcus High School. The interior features a large living room with full height stone fireplace, 1st floor Master Suite, new laminate wood flooring, updated baths, appliances and fixtures. Roof shingles and water heater replaced in 2020. Easy access to parks, trails, Parker Square, schools and shopping. No HOA!

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: Timber Creek Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $101k402k

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

Neighborhood: Timber Creek Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9882573

* 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
Timber Creek Elementary School Primary Regular 470 32 8
Lamar Middle School Middle Regular 764 51 9
Marcus High School High Regular 2,439 151 8

Timber Creek Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 32
8
GreatSchools Rating

Lamar Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 51
9
GreatSchools Rating

Marcus High School

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

$233,100$284,900$259,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$956
Property Tax -$447
Property Insurance -$124
Property Management Fees -$99
CASH FLOW
$144

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.

$259,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.6%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$29,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,787

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7654$1,7705$1,800
$1,800
RENT COMPS ANALYSIS
  • 4169 1 Place Lane Flower Mound, TX 4
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.05
    •  
  • 4313 Bluestem Street Flower Mound, TX 1
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1982
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 4205 Gayle Court Flower Mound, TX 2
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1983
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
  • 1101 Paluxy Court Flower Mound, TX 3
    • 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1978
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $1.08
    •  
  • 1409 Timber Creek Road Flower Mound, TX 5
    • 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1996
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Robert Mitchell
Keller Williams Dfw Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488750
Last Updated: 12/19/2020
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